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Sunday, 11 September 2011

EU Banks vs Gulf Banks - Financial Services - Zawya

Robust and timely support from the Gulf central banks have made the region's key financial institutions secure and safe powerhouses.

Their strength is in sharp contrast to the banks of the OECD, especially the European banks which are facing a calamitous future especially if the sovereign debt from Greece and other EU states blows up in their faces.

Investors take note, says Audi Capital: The low-key, under-rated regional financial institutions present an interesting alternative to the world's major financial institutions which are expected to go through more pain - and more layoffs - before they can put their house back in order.