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?

EuromoneyFXNews.com

EuromoneyFXNews.com

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June 2006

Russian banking consolidation to accelerate

Dmitry Eropkin, president of Russia’s Impexbank, said as Raiffeisen completed its acquisition of his bank that he expected to see “the consolidation of the top 50 Russian banks within the next two to three years”.


 Indeed, the much-anticipated next wave of consolidation in the European banking sector seems to be gathering momentum, and in Russia’s case it’s not...


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