One of the world’s top credit rating agencies says China’s banks could be in more trouble than first thought due to bad loans. Moody’s Investor Services Tuesday said China’s auditor likely underestimated the amount of loans made to local governments by $540 billion. Moody’s report said the additional loans have likely exposed China’s loans to […]
Risk to Chinese Banks Might be Bigger Than Thought
Posted July 5th, 2011 at 12:40 pm (UTC-5)
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German Banks Ready To Ease Greek Payback
Posted June 30th, 2011 at 10:45 am (UTC-5)
A top German official says German banks are ready to contribute to the Greek bailout. Thursday, Germany’s Finance Minister Wolfgang Schaeuble said some German banks are willing to offer new loans to Greece instead of demanding immediate payment when repayment is due on billions of dollars worth of existing loans. The voluntary plan was announced […]
