All Posts Tagged With: "asian banks"

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The Asian Banks Have Finally Been Heard From

The Asian banks have finally been heard from. So far, all the woe and wailing from the credit crisis has come from Europe and North America. But there are some pretty big banks in Japan, too. And yesterday, three of them confessed that they owned a combined $45 billion in debt securities issued by Fannie Mae and Freddie Mac. Mitsubishi UFJ, Mizuho Financial, and Sumitomo Mitsui Financial all fell…

July 16th, 2008 | Dan Denning | 1 comment | Continued
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