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  • November 27, 2014
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Results 1 - 10 of 11 for bank deposits

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  1. Business - Banking & Finance

    Required reserves cut extended to more lenders

    Posted Jun 17th 2014, 05:13am by Bloomberg

    ... and Merchants Bank had about seven trillion yuan (HK$8.8 trillion) of combined deposits by the end of last year, according to their annual reports. That suggests a 0.5 percentage-point cut for all three would free up about 35 billion yuan. Bank of Ningbo, a city commercial bank that also confirmed it had received a reserve-ratio reduction, had deposits of 255.3 billion yuan. On June 9, ...

  2. Business - Economy - ECONOMY

    PBOC governor Zhou's past signals likelihood of further rate cuts

    Posted Nov 26th 2014, 05:09am by Bloomberg

    ... to the one-year deposit rate. Simple maths suggests his latest cut is unlikely to be a one-off. By joining Mario Draghi of the European Central Bank and Haruhiko Kuroda of the Bank of Japan in the global ... Bloomberg in Beijing People's Bank of China governor has a track record of consecutive policy moves, indicating more reductions to lending costs are to be expected Zhou's past ...

  3. Business - Economy - ECONOMY

    China's surprise rate cut fuels hopes for more easing

    Posted Nov 24th 2014, 04:03am by Peggy Sito, Bloomberg, Reuters

    ... Peggy Sito and agencies Whilethe move is expected to improve the sentiment in the property sector, mainland banks will see an erosion of profit margins Surprise rate cut fuels hopes ... China economist at JP Morgan Chase. "This reflects government concern about near-term growth." The People's Bank of China cut the one-year benchmark lending rate by 40 basis ...

  4. Business - Banking & Finance

    Asean lenders dominate bond sales

    Posted Jul 07th 2014, 05:26am by Bloomberg

    ... Bloomberg Asean lenders dominate bond sales Southeast Asian banks dominated regional bond sales as corporate clients sought funding during the busiest year for acquisitions on record. Seven of the top 10 borrowers in the Association of Southeast Asian Nations in the first six months were banks, the most in any half since at least 2007. United Overseas Bank, DBS Group, Krung ...

  5. Business - Money - LOANS

    Investors' hunt for yield builds up global debt levels

    Posted Jul 09th 2014, 05:19am by Bloomberg

    ... research for Key Private Bank in Ohio. "But when it turns it will turn quickly and it will turn very ugly." Halfway through a sixth year of near-zero interest rates set by the US Federal Reserve and unprecedented central bank stimulus from Brussels to Tokyo, almost any borrower is able to raise debt with few questions asked even as the World Bank cuts its global economic growth ...

  6. Property - International - TAIWAN

    Taipei home prices rise beyond the reach of young people

    Posted Jun 25th 2014, 01:30am by Bloomberg

    ... the government relaxed rules that prompted locals to repatriate more income from the mainland, and the central bank lowered borrowing costs to buoy the economy. It grew an average 3.3 per cent annually since the 2008 financial crisis, compared with 4.6 per cent in the previous five years. As bond yields and deposit rates tumbled, Taiwanese who had accumulated wealth during the 1990s technology ...

  7. Property - Hong Kong & China - PROPERTY

    China's 'no-money-down' practice echoes US subprime loan risks

    Posted Jun 16th 2014, 03:12am by Bloomberg

    ... to the build-up of risks in the mainland's US$7 trillion shadow banking industry, with developers or third parties arranging funding to cover down-payment requirements, said Shen Jianguang, the chief ... price to swindle banks out of loans," the Urban Planning Land and Resources Commission of Shenzhen Municipality said in April. Poly Real Estate Group was letting buyers delay full down ...

  8. Property - International - AUSTRALIA

    Australians lured to residential market by record-low interest rates

    Posted Oct 02nd 2013, 12:00am by Bloomberg

    ... Bloomberg Australian banks face higher risk as self-funded retirees and others push for piece of a boom Investors lured by record-low mortgage rates Dharmendra Singh has spent A$1.3 million (HK$9.4 million) since July on two houses 39 kilometres northwest of Sydney, drawing on an existing mortgage to pay a deposit on one and taking out two new loans. "Low interest rates ...

  9. Business - Companies

    HSBC Mexican branches said to be traffickers’ favourites

    Posted Dec 12th 2012, 11:52am by Bloomberg

    ... announced that the bank had agreed to pay at least US$1.9 billion to settle money laundering probes. “These traffickers didn’t have to try very hard,” Breuer said at a press conference in Brooklyn. “They would sometimes deposit hundreds of thousands of dollars in cash in a single day into a single account using boxes designed to fit the precise dimension of the tellers’ windows in HSBC’s ...

  10. Property - International - BRITAIN

    London prices soar 10pc in October

    Posted Oct 23rd 2013, 04:49am by Bloomberg

    ... Bloomberg Buying frenzy prompts warning from Bank of England that market may be overextended London prices soar 10pc in past month London house prices have surged by more than 10 per cent this month, prompting warnings from the Bank of England that it was on the alert for signs that borrowers may be overextending themselves. The sharp jump in prices was driven by demand from overseas ...




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