VOL. XXXI
NO. 15
18-JANUARY-1988
Financial and Banking News
INTERNATIONAL BANKING
US Bank Write-offs Support Mexican Initiative
With last week's announcements by Security Pacific and American Express inthe US that they are effectively writing off more than half of the value oftheir exposure to Third World and Latin American debtors, the principle seems tohave been established that loan portfolios valuation must eventually reflect therealities of the secondary market. This has major implications for...
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