Banks will face difficult climate this year

Jan 21, 2010
From wire reports

RIGA - Eastern European banks will continue to face difficult times as the outlook for the financial services industry in these countries, which will likely stay stuck in recession this year, remains “worrying,” says Capital Economics, reports Bloomberg. “Funding positions remain weak” in Hungary, Romania, Bulgaria and the Baltic states of Latvia, Lithuania and Estonia, reports Capital’s London-based senior emerging-markets economist Neil Shearing. “Credit ...

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