Felling the barriers

Article Abstract:

Financial experts in Southeast Asia are changing their view of foreign investment banks, particularly US banks. They have regarded them in the past as helping them to liberate their markets, but they are now beginning to perceive them as exploiters. The feeling became particularly acute in connection with the currency problems in Thailand, which was viewed as being caused by outsiders. However, if the countries want foreign investment they will have to accept foreign banks, despite the fact that some gains will go overseas.

Investment Banking and Securities Dealing, Investment Banking, Investment banks, International aspects, Capital market, Capital markets, Public opinion, Southeast Asia, Foreign banks

---

No longer golden

Article Abstract:

Guan Jinsheng's meteoric career and fall from grace epitomize the potential and poblems of China's stockmarkets. In an effort to build a Chinese version of Japan's Nomura Securities, he created Shanghai Intl Securities, or Sisco, and made it the country's biggest secrities house. Following a scandal in Feb, in which Sisco went short on a futures contract and lost $120 million, he vanished from sight, and is reputedly under house arrest. The affair sends deeply discouraging signs about China's handling of such markets.

China, Stock-exchange, Stock exchanges

---

What a year: listless market batters Japanese securities firms

Article Abstract:

Japan's gloomy securities industry lost record amounts of money in 1994 and seems poised to do even worse in the current year. Three of the four largest firms took their largest pre-tax losses ever, as did all 10 of the second-tier brokers, losing up to 40% of shareholder equity. Many would be worse off without income from their capital base, though secondary businesses such as real estate also drag down their balance sheets. Optimism reigns, however, and few companies have truly slashed expenses or forecasts.

Japan, Securities

Similar abstracts:

• Abstracts: Waiting game. Garage gold. Downside up
• Abstracts: Markets in the making. Surfing for loans. Lands of opportunity: Britain ties its future to Asia's growth
• Abstracts: Hold the phones. Freedom's fallout. International call
• Abstracts: The problems of progress. Too fast for comfort. Full of surprises
• Abstracts: Mac strikes back: in a Windows world, Apple fights to hold on. The East is wired

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.