S&P Sees Deepening Stress For Financial Systems

NU News Service, Oct. 8, 3:45 p.m. Fifteen international financial systems are either already experiencing stress or showing increased potential for future trouble, according to a new study by Standard & Poor's, New York. The 15 troubled systems, out of 68 banking systems followed by S&P, consist of Argentina, China, Cyprus, Egypt, Germany, Iceland, Ireland, Japan, Lebanon, the Netherlands, Portugal, Taiwan, Thailand, Turkey and the U.S.

S&P will hold a conference call to discuss the report, "Global Financial System Stress 2001," on Wednesday, Oct. 10 at 11:00 a.m.

Callers in the U.S. and Canada can participate by calling (877) 870-8653 and providing the conference ID number, 2040303. The call will also be available on-line, live but in listen-only mode, from S&P's home page for those with PCs equipped with Real Player software, sound card and speakers. Go to http://www.standardandpoors.com and follow the link for "Events."