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  • September 19, 2014
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Results 1 - 10 of 27 for bridge collapse

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  1. 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

    ... Daniel Ren in Shanghai ren.wei@scmp.com Insolvency rumours lead to run on rural lender, raising questions about health of state-owned banks amid collapse of loan shark network Illegal ... said Sun Haixia, a middle-aged depositor. "It's nothing unusual that we people cast doubts on the banks following the collapse of the underground banks." Dozens of loan sharks ...

    http://www.scmp.com/business/banking-finance/article/1470868/concerns-over-possibility-collapse-chinas-underground
  2. Business - Banking & Finance - BANKING

    Citigroup to pay US$7b in settlement on US subprime mortgage fiasco

    Posted Jul 15th 2014, 01:36am by AP

    ... debt obligations (CDOs), plunged in value when the housing market collapsed in 2006 and 2007. Those losses triggered a financial crisis that pushed the US economy into the worst recession since ...

    http://www.scmp.com/business/banking-finance/article/1554353/citigroup-pay-us7b-settlement-us-subprime-mortgage-fiasco
  3. Business - Banking & Finance - BANKING

    Standard Chartered braced for more gloom

    Posted Jun 28th 2014, 01:09am by DON WEINLAND

    ... bridges and roads had waned. The slowdown was hurting Standard Chartered's wholesale banking business, which represented up to 80 per cent of its business, Barua said. "One thing ...

    http://www.scmp.com/business/banking-finance/article/1542080/standard-chartered-braced-more-gloom
  4. 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 in prison Six years after his first arrest, French rogue trader Jerome Kerviel was yesterday beginning a three-year prison term for his role in the near collapse of Societe Generale After a weekend ...

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

    US prosecutors want US$3.5 billion to settle BNP Paribas sanctions case

    Posted May 15th 2014, 01:43am by BLOOM

    ... Prosecutors have been reluctant to criminally charge a company after the Justice Department's 2002 indictment of Arthur Andersen caused the accounting firm to collapse and put about 85,000 people ...

    http://www.scmp.com/business/banking-finance/article/1512313/us-prosecutors-want-us35-billion-settle-bnp-paribas
  6. Business - Banking & Finance - BANKING

    Bank defaults viewed as dark side of deposit vows

    Posted Apr 22nd 2014, 12:46am by BLOOM

    ... Bloomberg in Shanghai Bank defaults viewed as dark side of deposit vows Premier Li Keqiang's plan to introduce deposit insurance is meant to comfort the mainland's savers as bad loans mount. In the bond market, it is fuelling speculation that he is preparing to let some banks collapse. Authorities might tolerate failures of smaller banks once depositor safeguards ...

    http://www.scmp.com/business/banking-finance/article/1493924/bank-defaults-viewed-dark-side-deposit-vows
  7. Business - Banking & Finance - BANKING

    Worried depositors descend on Jiangsu bank amid insolvency rumours

    Posted Mar 26th 2014, 05:29am by Daniel Ren

    ... the asset quality of mainland banks have been mounting following reckless loan approvals since 2008, when the government embarked on a massive stimulus programme. A collapse of the mainland's ... of the mainland, serving borrowers who lack the collateral to obtain bank loans and charging fees for their services. The collapse of the loan guarantors has heightened suspicions of soaring non-performing ...

    http://www.scmp.com/business/banking-finance/article/1457321/depositors-descend-jiangsu-bank-amid-insolvency-rumours
  8. Business - Banking & Finance - BANKING

    Second branch of Chinese bank swamped as depositors pull cash

    Posted Mar 27th 2014, 12:58am by Daniel Ren

    ... Jiangsu branch behind the windows to prove the bank's legal status. Several depositors told the South China Morning Post that the collapse of "a huge number" of loan guarantors ...

    http://www.scmp.com/business/banking-finance/article/1458020/second-branch-chinese-bank-swamped-depositors-pull-cash
  9. Business - Banking & Finance - BANKING

    Analysts welcome PBOC's tactical interbank injection

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

    ... Trust and distributed by Industrial and Commercial Bank of China, was destined to default when they matured on January 31. The miner collapsed recently, but ICBC has said it has no intention ...

    http://www.scmp.com/business/banking-finance/article/1410737/analysts-welcome-pbocs-tactical-interbank-injection
  10. Business - Banking & Finance - BANKING

    Party official warns of bank failures

    Posted Nov 21st 2013, 02:47am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Chance of a few small lenders collapsing next year 'very high', due to reliance on short-term borrowing to cover long-term investments Party official warns of bank failures There is a "very high" chance one or two small mainland banks could collapse next year as risks due to mismatches between assets and liabilities ...

    http://www.scmp.com/business/banking-finance/article/1361560/party-official-warns-bank-failures

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