51. Officials said public money will probably be used in some cases as a five-year temporary measure to pay off depositors in failed banks. 52. On Friday, the police joined the investigation of the failed bank. 53. On Thursday, customers of those failed banks heeded official calls for calm and patiently queued to retrieve their savings. 54. Some analysts scoffed at this logic, saying the problem loans from the failed banks should be included in the total since they have yet to be disposed of. 55. State media in Seoul reported that the IMF and the government had been haggling over an IMF demand that failed banks be immediately liquidated. 56. The assailant fled on foot, empty-handed after his failed bank robbery attempt, police said. 57. The bill would allow government-appointed managers of failed banks to continue making loans to sound borrowers while they look for buyers. 58. The central bank also replaced top management in First Bangkok City Bank, asking senior executives from Thai Farmers Bank PCL to help manage the failed bank. 59. The creaky system may get another jolt in April, when a new law takes effect ending government guarantees for the full value of some deposits at failed banks. 60. The expectation that failed banks would be bailed out by the government means that similar financial crises are bound to be repeated, comments Frank Flatters. |
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