91. The British merchant bank has been taken over by ING Groep NV of the Netherlands. 92. The collapse in February of U.K. merchant bank Barings Plc has uncovered another short-term winner but long-term loser. 93. The bailout underscores the depth of the crisis facing Korean merchant banks and the entire financial industry. 94. The declines came amid speculation merchant banks will recall loans from the group before it is too late. 95. The government was forced by the IMF to suspend the operations of nine merchant banks and threaten all unhealthy banks with closure or merger. 96. The merchant banks could be over-reacting, said Jack Ciesielski, an accounting analyst at R.G. Associates in Baltimore. 97. The merchant banks in particular rushed to call in their loans to Halla. 98. The merchant bank was one of nine ordered to close by the government and given until the end of the month to sort out their shaky finances. 99. The merchant banks have opposed the accord. 100. The measures may include the central bank buying asset-backed securities from merchant banks, and the government ordering mergers among weak finance companies, local newspapers reported. |