Board-Ansicht
Mix-Ansicht- Bank run underway in Taiwan - SilVisconti, 07.01.2007, 18:45
- Re: Bank run underway in Taiwan (o.Text) - SilVisconti, 08.01.2007, 17:50
Bank run underway in Taiwan
-->Taiwan Seeks to Quell Fears About Rebar
Sunday January 7, 1:16 am ET
Taiwan Seeks to Quell Fears Over Financial Troubles at Rebar Asia Pacific Group
TAIPEI, Taiwan (AP) -- Taiwan's government said Sunday it has taken over the management of two financial units of the troubled Rebar Asia Pacific Group, a prominent Taiwanese conglomerate, as authorities moved quickly to assuage investors' fears.
The government's Central Deposit Insurance Corp. said it took over the management of The Chinese Bank on Saturday and The Great Chinese Bills Finance Corp. on Sunday after depositors rushed to withdraw their funds.
On Friday, depositors withdrew more than 15 billion New Taiwan dollars ($460 million) from accounts at The Chinese Bank, according to the Financial Supervisory Commission, the island's top financial regulator.
The depositors' concerns were triggered when two other Rebar group companies, China Rebar Co. and Chia Hsin Food and Synthetic Fiber Co., filed to restructure their businesses after years of losses hurt their ability to repay debts.
The financial regulator said it has asked prosecutors to investigate whether the bank's management and board members were involved in illegal financial activities, but as yet no executives from any of the Rebar Group companies have been charged.
Taiwan's government sought to calm depositors' fears Sunday.
"The deposits, no matter how high the amount, are all insured by the national treasury, so depositors should not hurry to withdraw their savings," Premier Su Tseng-chang told reporters Sunday.
The government put a similar message on the front pages of several major newspapers Sunday. The advertisement bore the names of Finance Minister Ho Chih-chin, Central Bank Chairman Perng Fai-nan, and Shih Jun-ji, the chairman of the Financial Supervisory Commission.
The Chinese Bank confirmed in a statement on Saturday that the government had taken over its management.
The Great Chinese Bills Finance Corp. has not commented and its officials could not be immediately reached Sunday. Rebar Asia Pacific officials could also not be reached for comment Sunday.
http://www.voy.com/64855/
Gruß, Sil
<ul> ~ http://www.taipeitimes.com/News/front/archives/2007/01/07/2003343711</ul>
Thread gesperrtgesamter Thread:
