Korean banks seen heading for new crisis: full meltdown of financial sector would demand a government bailout

Article Abstract:

South Korean banks are seen as headed for another crisis as waves of corporate bankruptcies and widespread unemployment continue to weaken banks. Stephen Marvin of Ssangyong investment and Securities predicts that the crisis would lead to a nationalization of the banking system as banks may require government funds to remain running. Foreign investors have refrained from leaving but the burden of heavy corporate debt will sure be felt by Korean banks.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Analysis, South Korea, Economic aspects, Financial services industry, Financial services, Banks (Finance), International finance

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Article Abstract:

Five financial analysts were asked to give their opinion on the five best long-term stocks among Swiss corporations. Among the companies mentioned were financial services firm Zurich Allied, pharmaceutical company Novartis, temporary staffer Adecco and electrical engineering company ABB. The analysts went further by advising that product pipeline, expected annual earnings, corporate growth potential and management quality are the some of the most important things to look for when investing in corporate stocks.

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