Both have emerged from the first year of the credit crunch with smaller losses on toxic assets than might have been expected, given their involvement in markets that have felled others.
与同处市场的其他垮掉银行相比，其在信贷危机的头一年的不良资产上损失比预期的要少。
The state had to step in during the credit crunch, given the scale of the banking crisis, but this expansion of its scope should be temporary.
国家必须在信用紧缩期间介入进来，目前银行危机的规模逐渐扩大，但是其规模应该是暂时性的。
But top of the list, given the recession's origins in the property bust and the credit crunch, are the fate of the housing market and the resilience of consumer spending.
不过其中最重要的还是房地产市场的命运和消费支出的前景，因为房地产市场崩盘和信贷市场动荡是本次衰退的根源。
The economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and painful credit crunch.
今年开春伊始，经济衰退已见端倪，住房市场严重萧条和信贷忍痛紧缩令买家更趋谨慎。
The economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and painful credit crunch.
今年开春伊始，经济衰退已见端倪，住房市场严重萧条和信贷忍痛紧缩令买家更趋谨慎。
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