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  • September 18, 2014
  • Last updated: 12:52pm
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Results 1 - 10 of 12 for bankruptcy

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  1. Business - Banking & Finance - BANKING

    City commercial lenders 'in danger of bankruptcy'

    Posted Dec 11th 2013, 05:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com City commercial lenders 'in danger of bankruptcy' Many urban commercial banks on the mainland are in "danger of bankruptcy" as they become the biggest victims of a mounting local government debt problem, with local authorities struggling to repay debts estimated to total 20 trillion yuan (HK$25.5 trillion), Haitong International ...

  2. Business - Banking & Finance - BANKING

    Hong Kong and mainland creditors seek Lehman Brothers payout

    Posted Jul 18th 2014, 02:57am by Toh Han Shih

    ... court document on the motion, which also seeks to place maximum limits on the amount of money to be paid to each creditor. The US Bankruptcy Court for the Southern District of New York will hear ...

  3. News - World - BANKING

    French rogue trader Jerome Kerviel begins serving prison sentence

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

    ... Agence France-Presse in Nice Jerome Kerviel surrenders at last minute to serve three-year sentence for role in bringing Societe Generale to the brink of bankruptcy French rogue trader ... 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, ...

  4. Business - Banking & Finance - BANKING

    China's nervous savers show need for deposit insurance

    Posted Mar 29th 2014, 01:13am by Reuters

    ... that the government will finish drafting legislation on a deposit insurance scheme within the next three months, and that the scheme will be accompanied by rules on bankruptcy of financial institutions. Yiwen Lu, a Shanghai-based banking analyst at Shenyin Wanguo Securities, said she expected the two laws to be unveiled later this year. In fact, the bank bankruptcy law has already been drafted, ...

  5. Business - Banking & Finance - BANKING

    Concerns grow over Hong Kong lenders' heavy credit exposure to mainland Chinese firms

    Posted Mar 26th 2014, 06:34am by Reuters

    ... of the mainland's debt markets in the year ahead. A landmark domestic bond default earlier this month and headlines of bankruptcies, highlighted last week by Zhejiang Xingrun Real Estate, have underscored ...

  6. Business - Banking & Finance - BANKING

    Concerns over a collapse in China’s underground banking sector resurface

    Posted Apr 09th 2014, 10:07am by DANIEL REN IN SHANGHAI

    ... money if the banks went into bankruptcy." The mainland's state-owned banks have been reluctant to lend to small businesses, preferring to focus on the needs of large industrial firms. ...

  7. Business - Banking & Finance - BANKING

    Analysts welcome PBOC's tactical interbank injection

    Posted Jan 22nd 2014, 12:54am by Denise Tsang

    ... enough, the PBOC keeps two-way risks in play and forces banks to better manage their loan portfolios." McFarland said it was unlikely Beijing would allow a "significant bankruptcy" in the near term as the PBOC was rolling out its statutory loan facility to smaller banks while planning a deposit insurance scheme. That means bankruptcies would probably happen later rather than ...

  8. Business - Banking & Finance - BANKING

    China interest-rate reform edges forward with bank prime loan rate

    Posted Oct 26th 2013, 02:56am by Victoria Ruan

    ... at the end of the year. The government might first introduce certificates of deposit, under which interest rates could be negotiated, as well as establish a deposit insurance scheme and bankruptcy ...

  9. Business - Banking & Finance - BANKING

    China's asset-backed securities market expands despite worries

    Posted Sep 09th 2013, 12:00am by JANE CAI

    ... There is no SPV participation in Chinese ABS deals, although the central bank emphasises "bankruptcy remoteness", a major function of SPVs. Trust firms currently play the role of fiduciaries. ...

  10. Business - Banking & Finance - BANKING

    Lenders tighten credit card curbs after HKMA reforms

    Posted Jul 03rd 2013, 12:00am by KANIS LI

    ... in paying their bills and had applied for bankruptcy might be classified as marginal holders, she said. In order to improve consumer protection and the transparency of the credit card business, ...




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