China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

March 2006

Iran: Private banks still opening


The Iranian authorities’ recent granting of operating licences to two new private banks (Bank Sarmaye Daneshgah and Bank Pasargeda) suggests that the sector has a future, despite president Mahmoud Ahmadinejad’s apparent disdain for his predecessor’s reformist agenda.


By Lawrence WhiteHe is reported to have said that much of Iran’s current financial predicament can be blamed on privately owned banks. “Had the banks trodden the path of the Islamic Revolution, very many of the country’s problems would have been resolved,” he said. ...


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