Event Brief of Q1 2008 Comerica Incorporated Earnings Conference Call - Final
The Bank of England was criticised in the City yesterday for being too optimistic about the prospects of an end to the credit crisis. Citigroup accused the Bank of being 'self-congratulatory' about its efforts to ease the cash shortage in banking. The banking giant said the pain triggered by the U.S. sub-prime crisis will remain "severe" for some time to come, adding that the Bank was being "too sanguine" about the outlook. The criticism was prompted by the Bank's twice-yearly Financial Stability Report, which said banks have become excessively pessimistic about the losses stemming from U.S....
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photo: AP Photo Ahn Young-joon
