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Additional Financial Restructuring Expected Next Year

Sept 15,1998
Second stage financial restructuring is forecasted for next year. Many experts in the finance industry are expecting that further restructuring of the finance industry is inevitable to solve the snowballing of outstanding debts of financial institutions including banks.
The experts are saying that as companies' bankruptcies increase, the unsecured debts of financial institutions will swell more and more.
Therefore, even though the banks are now trying to merge to improve their financial state, the capital situation of financial institutions will worsen approximately in one year, many experts are concerned.
As a result of this, big changes in the finance industry are expected during next year.


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