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  • September 19, 2014
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Results 1 - 10 of 205 for general manager

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  1. Business - Banking & Finance - BANKING

    Societe Generale sees loss on Newedge write-down

    Posted Feb 13th 2013, 10:13am by Bloomberg

    ... Bloomberg in Paris Societe Generale, France's second-largest bank, posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside €300 ... mostly on Newedge. Societe Generale cut jobs and sold assets last year to cope with stricter international capital and liquidity rules after French banks had their access blocked to US dollar ...

    http://www.scmp.com/business/banking-finance/article/1149229/socgen-seen-swinging-quarterly-loss
  2. Business - Banking & Finance - BANKING

    Top state bank bosses motivated by government prospects

    Posted Sep 10th 2014, 04:05am by DON WEINLAND

    ... "5321" scheme where top executive pay is cut by 50 per cent, while the salaries of department heads are reduced by 30 per cent and those of section heads by 20 per cent. General staff would see ... person who recently left a mid-level management position at one of the Big Four banks in Beijing. Most state bank employees, however, harbour modest ambitions such as gradual pay increases ...

    http://www.scmp.com/business/banking-finance/article/1588905/top-state-bank-bosses-motivated-government-prospects
  3. Business - Banking & Finance - BANKING

    ICBC mulls bid for Pioneer to extend global reach in asset management

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... and Societe Generale, have sold their asset management businesses over the past year. ... Reuters Chinese banks' global ambitions come as Euro lenders retreat from asset management business ICBC mulls bid for Pioneer Investments Industrial and Commercial Bank of China ...

    http://www.scmp.com/business/banking-finance/article/1463344/icbc-mulls-bid-pioneer-extend-global-reach-asset-management
  4. Business - Banking & Finance - BANKING

    Mainland banks’ preferred shares have appeal for analysts

    Posted Sep 15th 2014, 12:06pm by DON WEINLAND

    ... I'm not worrying too much about that," said Erin Lee, an analyst at Yuanta Securities in Shanghai. Fund managers and asset management companies are already dumping common shares ...

    http://www.scmp.com/business/banking-finance/article/1593012/mainland-banks-preferred-shares-have-appeal-analysts
  5. Business - Banking & Finance - BANKING

    China’s Evergrowing Bank hit by 4b yuan credit product default

    Posted Sep 12th 2014, 02:40pm by Reuters

    ... of a previously signed contract pay compensation," the People's Daily said. Evergrowing Bank set up an asset management scheme through a brokerage in August last year, selling products to, among ... of about 58 per cent of last year's gross domestic product. The mainland's trust firms are increasingly warning of possible default on wealth management products. ...

    http://www.scmp.com/business/banking-finance/article/1590852/chinas-evergrowing-bank-hit-4b-yuan-credit-product-default
  6. Business - Banking & Finance - BANKING

    China Merchants to issue 9.16 billion yuan in asset-backed securities

    Posted Sep 06th 2014, 05:37am by DON WEINLAND

    ... on September 15, according to a filing from the lender at Chinabond, as mainland banks continue to diversify away from wealth-management products. The deal will be underwritten by China Merchant ... this year. Regulators have approved banks to issue a high volume of collateralised debt products this year with the hopes of steering them away from the wealth-management industry. Analysts said ...

    http://www.scmp.com/business/banking-finance/article/1586261/china-merchants-issue-916-billion-yuan-asset-backed
  7. Business - Banking & Finance - BANKING

    CBRC orders banks to create firewall around wealth management services

    Posted Jul 14th 2014, 03:09am by Reuters, Ray Chan

    ... Reuters in Shanghai and Ray Chan Regulator calls for wealth management firewall Mainland banks must create a firewall around increasingly popular wealth management services, the banking regulator said, in order to avoid any contagion from higher-risk products spreading to normal bank loans. Banks must establish a separate department to carry out wealth management business ...

    http://www.scmp.com/business/banking-finance/article/1553601/cbrc-orders-banks-create-firewall-around-wealth-management
  8. Business - Banking & Finance - BANKING

    Programme eyes new solutions in Asia-Pacific banking from start-ups

    Posted Sep 01st 2014, 04:21am by BIEN PEREZ

    ... security, analysis and risk assessments to assist financial institutions across the Asia-Pacific in improving the quality of service for customers," said Sushil Saluja, the senior managing ... technologies specifically designed for their industry. Highly sought-after solutions include analytics, mobile, risk management, payment, security, compliance, social media and collaboration ...

    http://www.scmp.com/business/banking-finance/article/1582413/programme-eyes-new-solutions-asia-pacific-banking-start-ups
  9. News - World - BANKING

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

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

    ... with a single entity in American history," associate attorney general Tony West said. The bank will pay US$9.65 billion in cash to the Justice Department, six US states and other government ... and level of risk they knowingly misrepresented to investors and the US government," Attorney General Eric Holder said. The department found that Merrill Lynch knew, "based on its own due ...

    http://www.scmp.com/news/world/article/1578802/bank-america-pay-us16-billion-over-flawed-security-mortgages
  10. Business - Banking & Finance - BANKING

    Too big to jail? No bank above the law, says US Attorney General

    Posted May 06th 2014, 09:31am by AFP

    ... general United States Attorney General Eric Holder warned that no financial institution should consider itself "above the law", amid investigations into alleged tax evasion and money ... or penalty US ATTORNEY GENERAL ERIC HOLDER BNP Paribas is under investigation over allegations of money laundering and breaching US financial sanctions against certain third parties, the senior US ...

    http://www.scmp.com/business/banking-finance/article/1505628/too-big-jail-no-bank-above-law-says-us-attorney-general

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