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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.22-0.5%4:00 PM EST

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To: John Hunt who wrote (27812)2/7/1999 4:41:00 AM
From: John Hunt  Read Replies (1) of 116837
 
Mid-Feb time bomb ticking at Japan banks

<< A mid-February time bomb is ticking away for Japan's bad loan-burdened banks, once the epitome of strength and stability in this savings-oriented nation.

Banks seeking funds under the government's rehabilitation scheme now face a February 15 deadline for submitting to hard-line regulators their pledges of sweeping restructuring --- including cuts in salaries and staff, asset sales, withdrawals from overseas operations and, in some cases, mergers. -- cont'd -- >>

biz.yahoo.com

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