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Hong Kong Backs Its Banks

Posted by paulronan 403 days ago, popular 403 days ago (http://www.nytimes.com)
Category: Commodities | Tags: economic crisis
Hong Kong’s financial regulators announced on Tuesday that they would provide government backing for all of the territory’s $773 billion in bank deposits through 2010. Government assistance for banks in Europe and the United States has put pressure on Asian regulators to follow suit, even though Asian banks tend to be better capitalized.
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