Asia crisis looms over Singapore banks

Article Abstract:

The Singapore banking industry, renowned for being a safe haven for capital in Asia, is being adversely affected by the economic crisis gripping the region. Moody's Investors Services reduced the ratings of all six Singapore banks, though it did concede that they were among the strongest in Asia. The six banks are Development Bank of Singapore Ltd., Keppel Bank Ltd., Oversea-Chinese Banking Corporation Ltd., Overseas Union Bank Ltd., Tat Lee Bank Ltd. and United Overseas Bank Ltd.

Banking industry, Evaluation, Singapore, Oversea-Chinese Banking Corporation Ltd., Overseas Union Bank Ltd., DBS Bank Ltd., United Overseas Bank Ltd., Tat Lee Bank Ltd., Keppel Bank Ltd.

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When crisis strikes, don't count on the IMF

Article Abstract:

Issues concerning the role of the International Monetary Fund are discussed. Following the financial crises of the 1990s, the importance of better management of national banks and currencies by developing countries is stressed.

International Monetary Fund, Powers and duties, International financial institutions

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Taking a second look at third-world debt

Article Abstract:

Third-world nations are having a difficult time paying off debts but these debts are not endangering the entire banking system of the world.

Admin. of general economic programs, International affairs

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