Bad loans at mainland banks increased for a fifth straight quarter at the end of last year, and analysts expect a further deterioration in asset quality this year.

Bank customers with yuan deposits in Hong Kong will not be getting higher interest on those deposits although Bank of China (Hong Kong) has raised the interest rate it offers on yuan that those...

The former JPMorgan Chase trader known as the “London Whale” was not responsible for Lehman Brothers Holdings’ bankruptcy and should not be dragged into a US$8.6 billion (HK$66.7 billion) lawsuit...

Financial Secretary John Tsang Chun-wah said in his budget speech on Wednesday that the government would propose changes to extend profits tax exemptions to offshore private equity funds. He also...

Standard Chartered is in talks to buy Morgan Stanley’s Indian private wealth management unit, which manages about US$1 billion (HK$7.76 billion) including loans, two sources with direct knowledge...

Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.

New banks in Britain will not have to hold as much capital initially as established rivals, the country's Financial Services Authority said, in a concession aimed at increasing choice in a market...

An expensive acquisition and poor market turnover contributed to Hong Kong Exchanges and Clearing's 20 per cent drop in net profit last year. Analysts say the outlook for the operator of the stock...

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