Correction: Foreign banks

Yesterday's edition mistakenly reported Stephen Roberts, managing director of Citi in Australia, as suggesting foreign banks were not withdrawing from the market. This item incorrectly condensed comments of Roberts first reported last week.

As reported in The Sheet on 15 January 2009, Roberts has said Citi is looking to increase its lending in this market. Roberts did not then comment on total levels of foreign bank capital in the market, as was reported yesterday.