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  • July 24, 2014
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  1. Business - Banking & Finance - BANKING

    Alibaba teams up with mainland banks to offer loans to SMEs

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

    ... are willing to join internet firms as more loans mean more interest income for them," said Ricky Lai, an analyst at Guotai Junan International. He expected to see more internet finance products ...

  2. Business - Banking & Finance - BANKING

    BNP Paribas chief operating officer decides to step down

    Posted Jun 13th 2014, 05:57am by Reuters

    ... A spokeswoman for the bank said he had planned to retire this year anyway and would not comment further on the US proceedings. A source familiar with the matter said last week the bank ...

  3. Business - Banking & Finance - BANKING

    Barclays to begin cutting jobs in the Asia-Pacific

    Posted Jun 04th 2014, 05:08am by Bloomberg

    ... for the bank." Wu Sheng would be appointed to lead Barclays' Greater China coverage, the person said. Koo and Wu both declined to comment. The firm plans to cut 19,000 jobs over three years, ...

  4. Business - Banking & Finance - BANKING

    BNP faces US$10b sanctions settlement, source says

    Posted May 31st 2014, 12:59am by BLOOM

    ... of the Treasury's Office of Foreign Assets Control. Spokesmen for BNP, the justice department, the Fed, the treasury, Lawsky, and Vance declined to comment. US authorities are seeking a record fine against ...

  5. Business - Banking & Finance - BANKING

    RBS to sell stake in private equity arm for £100 million

    Posted May 30th 2014, 01:10am by BLOOM

    ... which is based in Chicago, declined to comment. The bank began the process of spinning off the private-equity fund last year. The unit, which raised £1.1 billion from investors in 2007, takes ...

  6. Business - Banking & Finance - BANKING

    13 banks in spotlight after Credit Suisse penalty in US tax probes

    Posted May 27th 2014, 01:34am by BLOOM

    ... and Mizrahi have pleaded guilty, and dozens of bank customers have helped the government investigation. Beny Shoukron, a Mizrahi spokesman, and Leumi spokesman Lee Neumann declined to comment ...

  7. Business - Banking & Finance - BANKING

    Tighter scrutiny of potential mainland clients by banks in Hong Kong

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

    ... about income sources and political ties, according to a source with knowledge of the matter. An e-mail sent by the Post to the bank's Geneva headquarters requesting comment went unanswered. ... helped to set up a secretive offshore firm for the wife and daughter of a former senior Chinese official, who has since been convicted of corruption. UBS declined to comment on offshore accounts ...

  8. 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

    ... 6.6 per cent this year. Julia Boyce, a BNP spokeswoman, declined to comment on the discussions. In 2012, HSBC Holdings paid US$1.9 billion over claims it broke anti-money-laundering ...

  9. 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 in Singapore, London or wherever. If you think HKMA is being difficult, you can book it elsewhere." The HKMA would not comment on the specifics of banker complaints, except to say its Stable ... on short-term cost or impact," a spokesman said. Fitch issued a report last week that indirectly defended the work of the HKMA. Fitch commented on Hong Kong banks' rising mainland exposure. ...

  10. Business - Banking & Finance - BANKING

    PBOC cuts reserve ratio for rural banks but analysts sound caution

    Posted Apr 23rd 2014, 12:50am by VICTORIA RUAN AND KANIS LI

    ... the 7.7 per cent growth in the previous quarter. Huarong Asset Management chairman, Lai Xiaomin, told an internal meeting that banks' non-performing loans had "risen significantly" ...




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