Wednesday 09, December 2009 by

Governments likely to retain stakes in financial institutions for five to seven years

A report by PricewaterhouseCoopers (PwC) ‘Back to the future,’ expects that governments around the world that have intervened to support Financial Institutions (FI) in response to the global financial crisis will need to prepare for long term involvement and ownership. The complexity of individual FI situations, difficult market conditions and an unattractive disposal environment combine to make the possibility of governments’ exiting their stakes in the private sector in the short term highly unlikely.

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