Sunday, May 28, 2006

Smashed China for Ernst & Young: Banking on Imperfect Information

What’s hard to estimate, fraught with risk and banks on imperfect information?

Figuring out the amount of bad loans in the Chinese banking system

Ernst and Young took a valiant shot with a report in May 2006 that pegged this number at US$911 billion for China’s entire banking system and US$358 billion for the top four banks....

We’ve moved. Click here to go the full post at the new Big Four Blog at!

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