10.10.2008 - Property can still bruise Asia's banks and economy
From Reuters: Asian banks have largely escaped the worst of the global debt crisis but housing market downturns, especially in China and India, still threaten to pile up bad loans and slow the region's economy. After property crashes burnt Japanese and Southeast Asian lenders in the 1990s, they have been more cautious. So falling home prices are much less of a risk than in the United States, where the subprime mortgage meltdown brought down several leading banks...... Full Article: Source
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