Finance, Forex and Investments

Why are American and European banks going bankrupt but not Chinese and Indian banks?

Public Comments

1. Even if chinese banks were going bankrupt, China would not let anyone publish it. Indian bank ICICI share price has halved in 30 days.
2. because the american and european banks got far to gready and invested money in the sub prime money marrkets, most asian banks did not.
3. here here Y we are moraly bankrupt leading to greed and coruption that undermines the social and economic scene , there is worse to come .
4. Because they have leaned money without any security or mortgage. Whereas Indians have their wallet full of backup. Moreover here it is RBI who regulate the banking system. In China also situation is not that much good. There each and everything is controlled by government and every news get censored. One genleperson has questioned ICICI. Its share price is getting below out of panic created in the market otherwise it is not so bad.
5. They wern't infected by bad debt and buying Sub Prime loans like Americans, surpisingly Australias Bank are actually the safest in the World, we ride a wave of prosperity based upon Mineral exports to China & our Banks are 100% Guaranteed by our Federal Government.
6. Indian and Chinese banks do not have much exposure compared to US and European Banks.USA has printed and put in more US dollars that is much more than required real income.Same was with European countries.Monetary liability far exceeding internal production of goods and services is bound to bounce back.The Indian rupee and Chinese currency are not in much demand as international currency and as such their stability of banks is not a wonder.I do not think that there is any Indian or Chinese bank in the worlds top 25 banks.