First to fall
Article Abstract:
The collapse of Hokkaido Takushoku Bank, one of Japan's leading 20 banks, is significant for a number of reasons. This is the first time that market forces have been allowed to dictate developments in the financial services industry in Japan, with the influence of the Finance Ministry clearly waning. Furthermore, the government has shown itself willing to use Bank of Japan funds to fully reimburse all of the bank's depositors. It is likely that more major Japanese financial institutions will collapse.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Trimming the fat
Article Abstract:
Licenses for new commercial banks and other planned expansions in the banking system have divided Thailand's financial community. The former govt's finance minister proposed a stringent set of requirements for new banks, a course preferred by existing banks, while the Bank of Thailand favors more liberal rules. The new finance minister prefers a compromise position. In any event, the traditional dominance of a few family-owned banks will make entry difficult for newcomers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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