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	<title>Stock Blog Hub &#187; The Governor and Company of Th</title>
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		<title>($CS) Non-U.S. Banks &#8211; Zacks Analyst Interviews</title>
		<link>http://www.stockbloghub.com/2009/07/30/san-non-u-s-banks-zacks-analyst-interviews/11621</link>
		<comments>http://www.stockbloghub.com/2009/07/30/san-non-u-s-banks-zacks-analyst-interviews/11621#comments</comments>
		<pubDate>Thu, 30 Jul 2009 16:32:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Allied Irish Banks plc]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Banco Bradesco S.A.]]></category>
		<category><![CDATA[Banco Santander S.a.]]></category>
		<category><![CDATA[Banco Santander-Chile]]></category>
		<category><![CDATA[BBD]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Ltd.]]></category>
		<category><![CDATA[IBN]]></category>
		<category><![CDATA[ICICI Bank Ltd.]]></category>
		<category><![CDATA[IRE]]></category>
		<category><![CDATA[Itau Unibanco Holding Sa]]></category>
		<category><![CDATA[ITUB]]></category>
		<category><![CDATA[Lloyds TSB Group plc]]></category>
		<category><![CDATA[LYG]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group]]></category>
		<category><![CDATA[MTU]]></category>
		<category><![CDATA[SAN]]></category>
		<category><![CDATA[STD]]></category>
		<category><![CDATA[The Governor and Company of Th]]></category>

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		<description><![CDATA[In general, we believe it is still a bit early to get involved with non-US bank stocks as the fundamental outlook remains weak &#8212; asset quality will continue to deteriorate as individuals and companies default on loans, and revenues should continue to fall as loan growth falters and investment banking faces a dearth of new business in the face of economic slowing. Consumer job losses and sluggish business conditions are increasing worldwide, which will tend to dampen demand for credit, even assuming banks are capable of lending more. Moreover, these factors will also hurt asset quality and increase losses on the existing &#8220;good&#8221; loan portfolios, even apart from considerations of toxic assets. Combined with top-line pressure due to weakening economic conditions, non-US banks face a daunting outlook. That said, we ]]></description>
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