HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11260 Location: Los Angeles, California
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Posted: Sat Nov 21, 2009 1:27 pm Post subject: International Banks |
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Morningstar's (somewhat) complete run-down of the prospects of many international banks, including those in Japan, Korea, Brazil, the UK, and Switzerland. This is a must-read:
http://news.morningstar.com/articlenet/article.aspx?id=316444#
| Quote: | | Despite their reputation as risky bets, many emerging-market banks--along with their countries' economies in general--fared much better during the last two years than their more "developed" cousins. Even within the developed world, there are dramatic differences between the performance of banks that took on too much risk and those that did not, with some banks having nearly destroyed their businesses and others winning market share as their rivals struggle. We think the significant divergence among international banks during the last two years will extend into the recovery, and we expect to see stark contrasts between the winners and the losers in both the speed and strength of their recoveries. |
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