The dawning of the new millennium brings to mind two lines from the popular song of the 1960s
Where have all the flowers Japanese banks gone and When will they ever learn When will they ever learn
But first the Japanese banks.
The biggest concern among borrowers and the major players in the loan markets in the early to mid 1990s was the dominance of the syndication market by the Japanese banks. While the bankers loved the large banquets of sushi and sashimi, not to mention the dim sum and the satay at the opening of yet another regional Japanese bank branch in Asia, they dreaded the fact that they couldn't have...
