The truth about Asian investment banking
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?

January 2012

Zloty depreciation threatens mortgage book


Some market observers see weaknesses in PKO BP’s retail business. About 40% of the bank’s mortgage portfolio is denominated in foreign currency, mostly funded through the wholesale markets, including via short-to medium-term derivatives, according to Moody’s the bank also raised five-year bond funding this year in...


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