The former Hong Kong and Shanghai Bank building, on the Bund in Shanghai. Photo: Eric Li

Why the days of Western banks in Asia are clearly numbered

N. Balakrishnan says the rising might of Eastern rivals and their own eroded reputations indicate that Western lenders, often guilty of bad choices, may become just a historical footnote within a generation

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The former Hong Kong and Shanghai Bank building, on the Bund in Shanghai. Photo: Eric Li
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