Given overall credit concerns these days, we welcomed the news of bankers opening their tents and becoming even more transparent. DnB NOR was the first to announce that it will host a conference to discuss the credit quality of its shipping loan portfolio on Monday. We understand that Nordea will soon follow with a presentation of its own. Given these banks exposures to the shipping sector, this move will hopefully calm the markets
This is only an excerpt of Bankers to Bare Themselves
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