European banks are battling to recoup monies owed to them by debt-saddled companies in the Middle East. These banks could have as much as $40bn of exposure to Dubai after helping to arrange a string of bonds and loans linked to the city-state, according to analysts at Credit Suisse.

European banks are battling to recoup monies owed to them by debt-saddled companies in the Middle East.
European banks could have as much as $40bn of exposure to Dubai after helping to arrange a string of bonds and loans linked to the city-state, according to analysts at Credit Suisse.
Barclays and RBS are among a group of European banks, which includes Deutsche Bank, HSBC, and BNP Paribas, that frequently acted as bookrunners or participants in bond and loan deals for Dubai.