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  • April 19, 2014
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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

    ... then re-lent the money to loan sharks to chase higher returns, said Qian Kang, a private entrepreneur in Zhejiang. Jiangsu Sheyang Rural Commercial Bank declined to comment when asked whether ...

  2. Business - Banking & Finance - BANKING

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

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

    ... declined to comment on those reports earlier this month. UniCredit declined to comment on ICBC's interest. In an e-mailed statement, an ICBC spokesman denied that it was in talks with Pioneer. ...

  3. News - China Insider - BANKING

    Promotion of young Chinese banker with alleged military links sparks controversy online

    Posted Apr 03rd 2014, 04:14pm by Amy Li

    ... and should be kept classified. Sun Jing could not be reached for a comment on Thursday. ...

  4. Business - Banking & Finance - BANKING

    Worried depositors descend on Jiangsu bank amid insolvency rumours

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

    ... Regulatory Commission [CBRC]," he said. "We have sufficient capital to pay back the depositors." The CBRC and its branch in Yancheng could not be reached for comment. Concerns about ...

  5. Business - Banking & Finance - BANKING

    Account problems cloud Hong Kong hub hopes

    Posted Mar 24th 2014, 04:45am by Benjamin Robertson

    ... and they are commercially viable for the bank." Neither bank commented on whether they turned away BVI or Cayman-registered clients. Elise Donovan, a director of Hong Kong-based BVI House Asia, a government ...

  6. Business - Banking & Finance - BANKING

    Standard Chartered looking to sell Hong Kong lender PrimeCredit

    Posted Feb 19th 2014, 02:29pm by Reuters

    ... they said. A spokeswoman for Standard Chartered said: "We don't comment on market speculation." PrimeCredit is a Hong Kong high-street lender specialising in high-interest loans ...

  7. News - World - BANKING

    Russian bank Otkritie wins US$150m in damages from ex-employees

    Posted Feb 11th 2014, 10:23pm by BLOOM

    ... in the Old Bailey," London's Central Criminal Court, "rather than in the Commercial Court". Lawyers representing Urumov and Pinaev didn't respond to a call for comment ...

  8. News - China Insider - BANKING

    ChinaLeaks: Exposé on Chinese elite’s offshore accounts comes at sensitive time

    Posted Jan 22nd 2014, 07:26am by Patrick Boehler

    ... China-related findings under wraps until Wednesday. The ICIJ website was blocked in China as of Wednesday and comments on the report have been quickly deleted on Chinese social media. “This ...

  9. Business - Banking & Finance - BANKING

    EU fines five banks and a broker HK$18b for fixing Libor, other rates

    Posted Dec 04th 2013, 11:05pm by Reuters

    ... declined to comment. RBS said its €391 million penalty had been fully provisioned for. Authorities around the world have so far handed down US$3.7 billion in fines to UBS, RBS, Barclays, Rabobank ...

  10. Business - Banking & Finance - BANKING

    Number of global banks cut after crisis

    Posted Dec 06th 2013, 05:09am by KANIS LI

    ... to 30 banks operating globally in 2006, he said. Gulliver's comments came a day after the European Union's antitrust watchdog fined six financial institutions, including Citigroup, ...




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