Big banks decline exposure to US sub-prime market

A report released by Goldman Sachs this week identified CBA, NAB, ANZ and Westpac as four of 40 global lenders that provided a total lending facility of US$11.5 billion ($13 billion) to Countrywide.

CBA and NAB were named as having the most exposure of the four – around US$268 million ($300 million) each.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 11 January 2008