JP Morgan (JPM), RBS (RBS), Credit Suisse (CS) and several other large firms with financial research arms have put out educated guesses as to which banks are most exposed to Dubai debt. Read more from the original source: European banks have large exposure to Dubai debt — DailyFinance

By Ben Berkowitz and Morag MacKinnon of Reuters AMSTERDAM/SYDNEY - Bad debt levels will stay high in Asia and could rise further in Europe next year while signs of a clear global recovery are elusive, leading banks warned, though early evidence of a return to US growth injected some optimism.... The Australian - ANZ to grow, says boss

... A Bloodbath Courtesy of Joe Weisenthal at Clusterstock The European markets turned into a total debacle today. The Dubai default, and its effect on European banks, is the most-cited reason. WSJ: European ... biggest one-day drop since April on Thursday, with banks leading a broad tumble for markets amid worries about exposure to Dubai debt. The pan-European Dow Jones Stoxx 600 index closed ...

... currencies have collapsed and the loans cannot be paid back. European banks also lent to Latin America and those loans ... relative top of the US$. We might be early watching these Eastern European Currencies but this is clearly a potential flashpoint, one that few others are watching. ... pressure on the euro and in turn push the US$ higher if a European banking crisis ensues. The same logic applies ...

... . That is half of TARP in one bank. Heaven knows we are still in trouble, but the European banks, some of them, look even worse. On the plus side, this puts the Euros way ahead of us if we cannot do the same. I think that trying to regulate our big banks to safety is a losing proposition. There are still too many regulators who have a bedrock belief that markets cannot be ...

... American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG's business relationships, a ... firm's liquidity crunch. But at least one of those partner banks would have canceled the contracts for less... ...The initial bailout "was ... and Wachovia, now part of Wells Fargo & Co.; and European banks including Societe Generale, Deutsche Banke ...