Asia’s banks in good health (for now), says S&P

A Standard & Poor’s report says Asia’s banking outlook is stable, despite broad challenges.

Asia’s banks in good health (for now), says S&P
China Merchats Bank is one of just three banks in Asia with a positive outlook (ImagineChina)

Asia’s banking industry has weathered the financial crisis in good shape, so far, according to an industry report card published by Standard Poor’s this week.

The rating agency has a stable outlook on 37 of the region’s 40 biggest banks and a positive outlook on the other three a much healthier situation than in the US, where a third of banks are on negative watch. But Asia’s banks are also facing challenges of their...

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