Word: bankes
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Dates: during 2000-2009
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...Still, as the recession drags on, the odds are increasing that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest...
...Confidence in its financial position has allowed StanChart to take advantage of crisis-created opportunities. As competitors retrench to repair tattered balance sheets, the bank is expanding its market share in key areas such as trade finance. It has boosted lending to small enterprises in Asia at no risk by participating in loan-guarantee programs implemented by governments to free up credit markets. Sands has also continued making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks...
...test again for the system is, Are banks able to raise equity? Are investors confident enough in their ability to judge the strength of the banks' balance sheets that they're willing to put equity into a bank? We've seen substantial progress in that area. Now we're still going to put in place these facilities for legacy assets because we think they are good insurance against the risk of a future downturn, and we think they provide some broad help to this process of thawing receding credit markets. If the world gets progressively better, you may see less...
...President Obama, who has pressured Israel to resume peace efforts. But senior Palestinian officials vehemently rejected Netanyahu's statements; negotiator Saeb Erekat said the Prime Minister's intransigence on crucial sticking points--like his insistence on demilitarization and refusal to consider the dismantling of Israeli settlements in the West Bank--"closed the door to permanent-status negotiations...
...Tehran has been a mix of anger, exhilaration and dread. The day after Ahmadinejad was declared the victor in a landslide, people emptied into the streets in rage. Downtown, groups of demonstrators set several buses, a building and hundreds of garbage bins on fire, smashed the windows of state banks and destroyed ATMs. On Ghaem-Magham Street, I watched a lone woman dressed in a head-to-toe black chador standing on the side of the road, flashing the peace sign to passing cars and yelling, "Only Mousavi." The woman, a 36-year-old bank employee named Maryam, had told...