1.   As banks folded into large holding companies, control fell into the hands of remote managers.

2.   Anwar however said while the Government had no qualms about allowing weak banks to fold, merger exercises would not be initiated merely to prop up non-viable businesses.

3.   Its collapse came as a shock in this British dependent territory, which has seen only four banks fold in the past two decades.

4.   Lee indicated that more financially weak banks could fold in the coming months.

5.   More than a half dozen banks have folded due to political interference and questionable loans.

6.   Nevertheless, he warned that the government would allow these banks to fold if they failed to attract suitable buyers or investors willing to inject capital into depleted coffers.

7.   The market crashes, banks fold and panic spreads like an untreatable plague.

8.   The Laib and Litimpeks banks folded last December and their directors have been jailed on charges of fraud and embezzlement.