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  • July 12, 2014
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Results 1 - 10 of 114 for parallel trading

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  1. Business - Banking & Finance - BANKING

    Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

    Posted Jul 08th 2014, 11:58am by George Chen, Jeanny Yu

    ... George Chen and Jeanny Yu Key trade-zone permits elude foreign banks Ten foreign banks have opened subsidiaries in the Shanghai free-trade zone, but none has obtained a key permit ... to be able to freely convert and transfer capital between overseas accounts and free-trade accounts (FTAs), which the central bank will treat as offshore accounts. Banks in the zone must apply ...

    http://www.scmp.com/business/banking-finance/article/1549490/lack-permit-stalls-ability-foreign-banks-ftz-branches
  2. Business - Banking & Finance - BANKING

    Banks rush to open branches before Shanghai free-trade zone anniversary

    Posted Jul 08th 2014, 01:54am by George Chen

    ... George Chen george.chen@scmp.com More branches, including first privately owned bank, set to open in Shanghai free-trade zone Lenders rush in before FTZ's first anniversary The Shanghai free-trade zone, the mainland's first such economic experiment modelled on Hong Kong's free port system, is set to see a wave of new bank openings before its first anniversary, ...

    http://www.scmp.com/business/banking-finance/article/1549229/banks-rush-open-branches-shanghai-free-trade-zone
  3. Business - Banking & Finance - BANKING

    Espirito Santo problems spook global markets

    Posted Jul 11th 2014, 01:31am by REUTERS. BLOOMBERG

    ... Santo, suspended trading in its shares and bonds, citing "material difficulties" at parent company ESI. Portugal's markets sank and borrowing costs soared as fears grew that financial difficulties at the Espirito Santo group of companies could have far-reaching implications. Trade in Banco Espirito Santo was halted after a 19 per cent drop. Auditors found material ...

    http://www.scmp.com/business/banking-finance/article/1551523/espirito-santo-problems-spook-global-markets
  4. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... In the Shanghai free-trade zone launched last year, Beijing promised to make the yuan fully convertible to facilitate cross-border capital flows, but it has yet to implement this. The BOC scandal ...

    http://www.scmp.com/business/banking-finance/article/1552389/fears-tough-action-beijing-following-allegation-boc
  5. Business - Banking & Finance - BANKING

    Barclays to begin cutting jobs in the Asia-Pacific

    Posted Jun 04th 2014, 05:08am by Bloomberg

    ... revealed plans on May 8 to pare 7,000 investment banking jobs worldwide by 2016 as revenue from trading fixed income, currencies and commodities shrinks. "We are not exiting any of the 11 ...

    http://www.scmp.com/business/banking-finance/article/1524859/barclays-begin-cutting-jobs-asia-pacific
  6. Business - Banking & Finance - BANKING

    BNP faces US$10b sanctions settlement, source says

    Posted May 31st 2014, 12:59am by BLOOM

    ... they complied with the Office of Foreign Assets Control's rules after talks with the US authorities. The office administers and enforces economic and trade sanctions based on US foreign policy ... because the misconduct was more egregious and the bank did not fully co-operate with the investigation, a source said. Most of the BNP trades under investigation would not have broken French ...

    http://www.scmp.com/business/banking-finance/article/1522181/bnp-faces-us10b-sanctions-settlement-source-says
  7. Business - Banking & Finance - BANKING

    China investment banks making market inroads

    Posted May 26th 2014, 05:06am by Jasper Moiseiwitsch

    ... of this short list- mainland securities firms lack certain basic capabilities. For example, they do not publish good research, they do not have strong trading arms, and they do not have international sales or syndicate teams. "The bigger [mainland] houses are getting into trading and sales, but they lack in terms of research, and conveying [to clients] that they understand ...

    http://www.scmp.com/business/banking-finance/article/1519508/china-investment-banks-making-market-inroads
  8. Business - Banking & Finance - BANKING

    People's Bank of China tool allows free flow of funds in Shanghai

    Posted May 17th 2014, 02:02am by Jeanny Yu

    ... a multinational company can use the Shanghai Free-Trade-Zone-registered entity as the lead vehicle to integrate the group's onshore cash pool and its global cash management structure. A qualified entity in the Shanghai free-trade zone can open an "international account" through which a multinational firm can transfer its foreign capital freely between the zone and offshore. ...

    http://www.scmp.com/business/banking-finance/article/1513850/peoples-bank-china-tool-allows-free-flow-funds-shanghai
  9. News - World - BANKING

    French rogue trader Jerome Kerviel begins serving prison sentence

    Posted May 19th 2014, 09:59pm by AFP

    ... of Europe's biggest banks to the brink of bankruptcy in 2008 with wildly risky trades that resulted in a loss of €4.9 billion (HK$52.1 billion). Kerviel was convicted in 2010 of breach of trust, forgery and entering false data in relation to the unauthorised trades. His conviction and three-year prison term were upheld in March, but an appeal court overturned an order that he pay damages ...

    http://www.scmp.com/news/world/article/1515803/french-rogue-trader-jerome-kerviel-begins-serving-prison-sentence
  10. Business - Banking & Finance - BANKING

    Chinese banks boost capital through hybrid securities

    Posted May 22nd 2014, 01:19am by Reuters

    ... point above that available on the bank's subordinate bonds. Benchmark five-year subordinate debt from the mainland's top-rated banks trades at a yield of 5.25 per cent, suggesting ...

    http://www.scmp.com/business/banking-finance/article/1517403/chinese-banks-boost-capital-through-hybrid-securities

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