BY BY ALISON TUDOR FOR THE WALL STREET JOURNAL
HONG KONG—When Indonesian tanker operator B.L.T. froze payments on $2 billion of debt earlier this year, blaming a global economic slowdown, the default hit some of the world’s biggest banks.
PT Berlian Laju Tanker TBK counts among its creditors Britain’s Standard Chartered PLC, France’s BNP Paribas SA and Norway’s DnB ASA.
Despite relatively strong economic growth, risks for banks are growing in Asia. Among the risks are a big increase in lending in recent years, rising individual debt levels in the region, headwinds from the European debt crisis and a slowdown in China. Investors and analysts are watching the numbers … Full Article