Impeachment specter, Japan lead to off day for banks

Matthews, Gordon
December 1998
American Banker;12/15/1998, Vol. 163 Issue 238, p32
Trade Publication
Reports on the decline in bank stocks due to investors concern about President Clinton's uncertain job status due to possible impeachment, and evidence of economic weakness in Japan. Analyst Sally Pope Davis of Goldman Sachs & Co.'s comments on the market situation; Decline in the Standard & Poor and Nasdaq's bank index; Findings of the Tankan index of business sentiment by Bank of Japan.


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