Short post today. The following table shows the performance of Latin American bank stocks so far this year: [TABLE=105] The two Chilean banks Banco Santander and Banco de Chile and the Colombian bank BanColombia are down less than 20% year-to-date. The Brazilian bank Itau is performing well than Banco Bradesco and Unibanco.All the Argentine stocks …
Foreign bank stocks have fallen heavily in the past few months in tandem with their US peers due to the credit crisis. Last week was a crazy week as many of the bank stocks skyrocketed due to the short covering rally. Many are not sure what will happen after the ban on shorting of financials …
Thailand Beach The following are a few Asian Closed-End Funds: 1.Taiwan Fund – TWN Total Assets = $357 Mil Discount to NAV = -12.21% 2.Korea Fund – KF Total Assets = $554 Mil Discount to NAV = -13.06% 3.Aberdeen Australia Equity Fund – IAF Total Assets = $300 Mil Discount to NAV = -5.78% 4.Singapore …
The soon-to-be passed bailout plan in the US has a provision that will be favorable to foreign banks. Basically foreign banks that have US operations will be able to offload their worthless toxic assets to the rescue fund to be set up as per the bailout plan. The New York Times piece “Foreign Banks Hope …
In this post, lets take a look at some of the five largest iShares ETFs that focus on a specific country. Emerging market stock market indices have plunged considerably in the past few months due to crash in commodity prices, slowdown in the US economy, credit crisis, etc. In light of this it is a …