No smoke without fire

Cover story

asiarisk-sep07-coverstory-gif

Thousands of miles removed from the US, share prices of Asian financial institutions have tumbled. Firms such as Taiwan's Shin Kong Financial Holdings have seen a 20% share price drop in the past two months, while Australian non-conforming mortgage lender RAMS Home Loans saw a 19% drop in a single day. And several Japanese firms, including Mitsubishi UFJ and Mizuho Financial Group, in August reported combined losses of Yen18.7 billion ($161 million) linked to investments backed by subprime l

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: