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Pros Say: Don’t be Overenthusiastic on Banks

CNBC.com
Monday, 23 Feb 2009 | 6:19 AM ET

Despite the jumps in banks' shares in morning trade following reports the U.S. government may seek to get 40 percent in Citigroup, experts tell CNBC banks still have skeletons in their closets.

Impact of BoQ's Downgrade

The downgrade of Bank of Queensland will impact the fixed-income market, in particular Asian investors, says Sean Callow, senior currency strategist Westpac Bank.

HSBC May Tumble to HK$50

Shares of HSBC may tumble to HK$50 ahead of its earnings result due on March 2, says Peter Lai, director at DBS Vickers Securities, as he believes that the bank is likely to embark on a capital raising.

Bank Nationalizations Bad Idea?

The government policy of nationalizing banks has more negative long-term implications than short-term positive implications, Beat Lenherr from LGT Capital Management told CNBC.

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