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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (14475)3/2/1998 5:58:00 AM
From: John Hunt  Read Replies (3) of 18056
 
More Banks Could Follow Morgan

nypostonline.com

<< But J.P. Morgan's exposure to Asia is far greater than the amount that is now not performing. For instance, the bank has $900 million in loans and trades outstanding in Indonesia, $3.4 billion in South Korea and $1.1 billion in Thailand. How many of those loans and trades will become non-performing in the future is anyone's guess.

The exposure, however, isn't all with risk-free customers. J.P. Morgan is on the hook for only $1.1 billion with government agencies. A far bigger amount - $3.1 billion is outstanding with Asian banks and $1.2 billion with corporations. >>

Tip of the Iceberg?

:-))

John
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