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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1272)	1/21/1998 7:05:00 AM
From: Thomas Haegin	Read Replies (1) of 9980

News on special bank forming in Thailand ---------------------------------------------- vian Infobeat 01/20/98 New Thai bank to shop for good assets In a step toward cleaning up Thailand's debt-stricken financial sector, the Thai government has approved the establishment of a new commercial bank which will bid for the best assets of 56 insolvent finance companies. The establishment of the so-called "good bank" is part of a strategy to restore the financial system's health by separating the good assets of bankrupt financial institutions from the bad ones. (USA Today)

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