Worthy, Ford S.
November 1989
Fortune;Fall1989 Asia in the 1990's, Vol. 120 Issue 13, p68
This article focuses on the growth of financial institutions in Asia. Big borrowers of the recent past, like South Korea, are so flush that they now look to foreign banks not for money but for help in structuring acquisitions and hedging currency risks. Large multinational companies increasingly are forging relationships with local banks, in part because policymakers in most Asian countries have restricted the activities of foreign banks, in part because domestic banks are more competitive now. Japanese banks have a lock on long-term lending in the region, often accepting minuscule spreads that Western banks consider unprofitable.


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