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As some high-risk assets take a hit, investors fear worse is to come

from Reuters via Chicago Tribune

World financial markets became reacquainted with fear, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road. Concerns that Portugal's largest listed bank, Banco Espirito Santo was badly exposed to its owners' accounting problems raised eyebrows in Europe and the U.S., getting investors to ask whether there were more shoes to drop in European banking. more


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