1. But Connell had other jobs running problem banks whose condition was not so severe. 2. By setting the maximum rates, the central bank aims to limit risk to investors by preventing problem banks from offering higher rates to lure depositors. 3. By setting maximum rates on guaranteed deposits, the central bank aims to limit risk by preventing problem banks from offering higher rates to lure depositors. 4. That check allowed the government to cleanse the banking system of problem banks and problem loans. 5. That, he said, is a problem only banks and their corporate clients can address. 6. The new IMF aid is conditioned on closing problem banks faster and speeding up the sale of state-owned companies, Fischer said. 7. As a last resort, the agency could liquidate problem banks and sell their assets to repay creditors and depositors. 8. But some banking analysts blamed Soedradjad for his slow actions regarding problem banks. 9. He also urged the public not to panic and withdraw their funds from banks because the government currently stood behind all domestic banks, including the problem banks. 10. Hectic trading on stock belonging to the seven problem banks prompted the JSX management to suspend their trading. |