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  • August 22, 2014
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Results 1 - 10 of 84 for cross-strait relations

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  1. News - World - BANKING

    Bank of America to pay US$16 billion over flawed security mortgages

    Posted Aug 22nd 2014, 01:26am by GDN

    ... bought Countrywide for US$2.5 billion in 2008 and has since paid tens of billions in fines related to it. The Justice Department's fine comes after a series of similar deals over the mortgage-related conduct of major US banks ahead of the crisis. In July, Citigroup paid US$7 billion to settle its case and last November JPMorgan Chase agreed to pay US$13 billion to end an investigation ...

  2. Business - Banking & Finance - BANKING

    Alibaba teams up with mainland banks to offer loans to SMEs

    Posted Jul 23rd 2014, 01:33am by Sophie Yu

    ... launched in the second half of this year. The loan size a company will receive will be related to the size of its business on Alibaba.com The lowest interest rate for the loan is 8 per cent, ...

  3. Business - Banking & Finance - BANKING

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

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

    ... announced today with the US Department of Justice, state attorneys general and the FDIC resolves all pending civil investigations related to our legacy RMBS and CDO underwriting, structuring ...

  4. Business - Banking & Finance - BANKING

    ICBC whips out wallet as Taiwan rules ease

    Posted Apr 03rd 2013, 12:00am by JANE CAI

    ... Supervisory Commission announced on Monday that it will let mainland banks own up to 20 per cent of some financial institutions, raising the limit from 5 per cent in an effort to promote cross-strait ...

  5. Business - Banking & Finance - BANKING

    Moody's warns Hong Kong banks over increased loans exposure to mainland

    Posted Jun 26th 2014, 11:38pm by DON WEINLAND

    ... of mainland-related loans are prudently managed by banks," an authority spokeswoman said. ...

  6. Business - Banking & Finance - BANKING

    Tighter scrutiny of potential mainland clients by banks in Hong Kong

    Posted May 20th 2014, 11:12am by George Chen

    ... to take advantage of the country's reputation for bank secrecy. A relative of a member of the Chinese People's Political Consultative Conference- the mainland's top political ... offshore clients with addresses on the mainland or in Hong Kong, and 16,000 from Taiwan. Those who were shown to have offshore accounts included relatives of at least five current or former members ...

  7. News - World - BANKING

    French rogue trader Jerome Kerviel begins serving prison sentence

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

    ... 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 ... was. The trader was earning a relatively modest €50,000 a year in basic salary when the scandal erupted in January 2008. Additional reporting by Reuters ...

  8. Business - Banking & Finance - BANKING

    Overseas banks push back on HKMA's new deposit base rule

    Posted May 12th 2014, 02:58am by Jasper Moiseiwitsch

    ... It said both foreign and local banks were disclosing higher non-performing loan ratios for China-related loans, and that local banks' lending was becoming more concentrated on the mainland. ...

  9. Business - Banking & Finance - BANKING

    IMF latest to warn of Hong Kong banks' growing mainland exposure

    Posted Apr 09th 2014, 01:18pm by Jasper Moiseiwitsch

    ... in loans outstanding from Hong Kong banks to mainland entities. However, the HKMA said only US$110 billion relates to non-bank debts. "Therefore, the US$430 billion figure includes normal bank ...

  10. 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

    ... interest equivalent to a year's income if you handed them 100,000 yuan," he said. "I got my money and interest back but some of my relatives didn't." Underground banking, ...




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