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Article: It'll be survival of the fittest: HwangDBS
- Article from:
- New Straits Times
- Article date:
- March 30, 2009
- Author:
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Chong Pooi Koon
New Straits Times
03-30-2009
It'll be survival of the fittest: HwangDBS
Byline: Chong Pooi Koon
Edition: Main/Lifestyle
Section: Business Times
Type: Company
`IT WILL be survival of the fittest.'
Whether in the US or Asia, only the leanest banks with the healthiest balance sheet and outlook will survive the financial meltdown, HwangDBS Investment Bank Bhd managing director Lee Jim Leng said.
The volatility in the financial markets has certainly eroded bank assets and the global slump has battered Asia's export-driven economy.
"However, we opine that banks in Asia are bruised but not pushed to the brink of collapse compared to their Western peers. At present, banks in Asia are ...