According to the Nikkei news, at least 48 of the 87 listed regional banks are expected to post net losses for the financial year which ended on March 31st. This will be the first time that more than half of the regional banks will awash in red ink. These banks suffered mainly from write-downs of marketable securities like stocks and foreign bonds in addition to bad domestic loans.
Feeling the necessity of increasing capital, some banks are tapping the market while others are turning to the government for help.
May 11, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment