No trade finance exemptions for British banks?
Jul 15, 2013
Asia’s finance hubs hit hard by bank deleveraging
European banks are pulling financing out of Asia with Singapore and Hong Kong badly hurt, especially in trade finance. Asian banks are taking some of the slack.
Extensive deleveraging from European banks has caused a dramatic scaling back of financing in Asia, falling $119.5 billion from the peak, to $1,263 billion by the end of last year, according to data from the Bank of International Settlements.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
