HONG KONG -- Recent turbulence in global markets has been hitting banks in Japan harder than those in China as investors punish lenders that have focused more on buying bonds than on making loans.
Japan's three leading lenders lost more than $20 billion in market value last week, while China's big four state-owned banks gained more than $30 billion in Hong Kong and Shanghai trading.
https://asia.nikkei.com/Spotlight/Market...inese-ones
(22-03-2023, 08:57 AM)theold Wrote: [ -> ]HONG KONG -- Recent turbulence in global markets has been hitting banks in Japan harder than those in China as investors punish lenders that have focused more on buying bonds than on making loans.
Japan's three leading lenders lost more than $20 billion in market value last week, while China's big four state-owned banks gained more than $30 billion in Hong Kong and Shanghai trading.
https://asia.nikkei.com/Spotlight/Market...inese-ones
Double down like game of poker, money is free.
reset is good.
It does mot end till the fat lady sings
Printing money is the cure lol
The print money countries exploit their reserve currency status to sweep banking problems under carpet.
Europe has many zombie banks from the European crisis that are technically insolvent but kept alive.
Japan is the worse from the bubble economy of 1990s the zombie Bank problem nobody wanted to deal with then because so many.
Credit to China to mandate the 3 red lines to deal with real estate bubble and putting all the big banks like ICBC, BOC and CCB under tight govt regulation. Too many ordinary citizens have suffered from the effects of multiple bank excesses that resulted in collapse in US and UK...and these losses are socialised and paid for by tax payers.
suddenly all the