10.03.2009 - Qatar moves to cleanse banks’ balance sheets
From Gulf-times.com: Qatar’s government yesterday said it would buy the commercial banks’ local investment portfolios, which have weighed heavily om their net profitability. The banks’ ‘balance sheet cleansing’ act comes as part of the sovereign measures to instill confidence in the market. It comes also in the wake of global credit rating agency Moody’s stamping a “negative” outlook on the Qatari banking industry last month..... Full Article: Source
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