Banks seem in worse shape than expected
Article Abstract:
The cost of saving distressed Indonesian banks has increased more than the previously estimated $20 bil. The Indonesian Bank Restructuring Agency (IBRA), devised by the International Monetary Fund to save Indonesia's banking system, has unearthed large amounts of loan repurchase agreements and derivative transactions. These financial transactions will severely increase the cost of rescuing the banks in financial distress. IBRA can do this either by giving additional capital or by offering these banks to new owners.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Purchase of Barings should help ING bolster its business in emerging markets
Article Abstract:
Netherlands-based Internationale Nederlanden Groep NV (ING) is relatively unknown in the financial world but it has long been doing business on a global scale. Its recent purchase of Barings PLC, which received a lot of media attention, was actually the latest in a long line of acquisitions all over the world. Although some have expressed concern about the different corporate cultures in ING and Barings, analysts are generally positive about the acquisition in view of the two firms' experience in emerging markets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Salomon lowers NAB recommendation to 'hold' after Michigan acquisition
Article Abstract:
Salomon Brothers has lowered its recommendation on National Australia Bank Ltd. (NAB) from 'buy' to 'hold' amid concerns that it will continue to expand its operations in the US. Salomon Brothers analysts stated that NAB's recent acquisition of Michigan National Corp. involves the payment of excessively large premiums and there are indications that further expansion is being planned.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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