Comment: Investors still wary in light of recent credit crunch

Although investors were relieved to see stability return to the stock markets last week, it remained difficult to shake off doubts over the severity of the credit crunch that has devastated confidence in the financial markets.

25th August, 2007

Although investors were relieved to see stability return to the stock markets last week, it remained difficult to shake off doubts over the severity of the credit crunch that has devastated confidence in the financial markets.

The fact that the crunch has already caused casualties close to home in the form of Structured Credit Company, a Dublin firm that specialised in risk transfer, and Ormond Quay, an Irish investment vehicle backed by heavyweight German bank...

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