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COPYRIGHT 2008 Asia Pulse Pty Ltd
An executive briefing on banking for Jan 31, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
FRENCH BANK FRAUD TO HAVE LITTLE IMPACT ON TAIWAN INVESTORS: FSC
TAIPEI - The fallout from the trading scandal at France's Societe Generale bank is expected to have only a minimal impact on Taiwanese investors, the Financial Supervisory Commission (FSC) estimated Wednesday.
Speaking at a press conference, FSC officials urged local investors not to panic, saying that despite losing 4.9 billion euros (US$7.3 billion) in the scandal involving rogue trader Jerome Kerviel, the bank "will not collapse."
TAIWAN BANKS, INSURERS LOSE FUNDS DUE TO US SUBPRIME CRISIS
TAIPEI - Taiwan's banks and insurers suffered NT$23.7 billion (US$735.4 million) in losses directly related to the U.S. subprime mortgage crisis by the end of December 2007, the...
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