Taiwanese banks rethink Panamanian syndications
Panama severed diplomatic ties with Taiwan this week in favour of supporting China, leaving syndicated loans bankers in Taiwan divided about how the move will affect their business, as several Panamanian institutions have tapped Taiwanese bank liquidity for funds in the past. Shruti Chaturvedi reports.
On Monday, Panama joined the parade of countries that have ceased to have diplomatic relations with Taiwan by opting to establish links with China. At the moment, only 20 countries, mostly small economies, formally recognise Taiwan.
Several financial institutions from the Central American nation have done business with
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