By Benton E. Gup
Financial institution disasters were universal within the significant overseas buying and selling international locations of the area throughout the unstable years due to the fact 1980. right here now's the 1st significant learn to accommodate contemporary financial institution disasters, close to disasters, and critical ''incidents'' within the international G-10 economies, and the way governments resolved them. nations analyzed comprise: Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Switzerland, Sweden, uk, and the USA.
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Additional info for Bank Failures in the Major Trading Countries of the World: Causes and Remedies
Real estate values peaked in 1990, following a tightening of monetary policy when the speculative bubble broke. By early 1997, the value of real estate declined 70 to 80 percent from the peak values. The decline in values caused severe debt problems for banks and other lenders. However, housing loan companies continued to make real estate loans after real estate values had peaked. In February 1997, there were press reports that the government was going to buy land from troubled mortgage lenders.
Then Nordenbanken was split into a good bank and a bad bank. The bad bank, Securum AB, was owned by the government, and it took over 60 billion Krona of bad debts from Nordenbanken. The good assets remained at Norden. According to Sheng (1996, 22), the government injected $800 million into the state-controlled Nordenbanken, to guarantee a $609 million loan to save the largest savings bank. 4 percent of GDP (Caprio and Klingebiel, 1996, 36). Forsta Sparbank, 1992 In 1992, Forsta Sparbank, a regional savings bank, had large credit losses from loans in the real estate sector.
35 percent stake. Cariplo, meanwhile, wants to form a strategic alliance with Banco Ambrosiano Veneto (Ambroveneto). Credit Agricole, a French group, owns 29 percent of Ambroveneto (Betts, 1997; Graham, February 12, 1997). Casa di Risparmio di Prato, 1988–1991 This savings bank concentrated its financing on the textile industry in the Tuscany region. When the economy turned down, problem loans increased to over 50 percent of the loan portfolio. The Deposit Insurance Protection fund injected capital, and then arranged for the sale of the bank to another regional bank (Goodhart, 1995, 391).