Analysis: Emerging-market banks are shut out of the West

05/13/2010 | Economist (free content), The

Big and fast-growing banks in emerging markets have been building on their strengths, while banks of the developed world have been stumbling, according to The Economist. For the moment, emerging-market banks, often with strong ties to the government, are unlikely to bring their business models to the West, the magazine notes. "If emerging economies are much more sceptical about unfettered finance and the role of foreign banks, Western societies are much more hostile to banks in general, let alone those run by foreigners or, worse still, foreign governments," according to The Economist.

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Economist (free content), The

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