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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September 1999

Staff defy Reed's pessimism



John Reed's pronouncements that Citibank and Travelers Group are not merging fast enough may be too severe. The banking group's merged corporate and investment banking divisions are trying their best to show otherwise.

The two have not been involved in a huge number of deals together but last month's $100 million securitization for the Argentine national airline, Aerolíneas Argentinas, was a...


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