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  • September 18, 2014
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Results 1 - 10 of 41 for reuters

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  1. Business - Banking & Finance - BANKING

    UOB, ANZ may bid for Wing Hang Bank

    Posted Sep 29th 2013, 12:00am by Reuters

    ... Reuters Major Singapore, Australian lenders consider bidding for HK bank, sources say Wing Hang bank facing takeover, say reports Singapore's United Overseas Bank and Australia & New Zealand Banking Group are believed to be considering a bid for Hong Kong's Wing Hang Bank. Wing Hang, which has a market capitalisation of US$4.7 billion, announced this month ...

    http://www.scmp.com/business/banking-finance/article/1320291/uob-anz-may-bid-wing-hang-bank
  2. Business - Banking & Finance - BANKING

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

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

    ... Reuters in Shanghai Mainland lender hit by 4b yuan product default An off-balance-sheet credit product default has left a small mainland bank on the hook for 4 billion yuan (HK$5 billion), the latest default to hit the shadow banking sector, the People's Daily reported yesterday. The default comes amid a wave of media reports on mainland banks and brokerages struggling to make ...

    http://www.scmp.com/business/banking-finance/article/1590852/chinas-evergrowing-bank-hit-4b-yuan-credit-product-default
  3. 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

    ... Thomson Reuters. Mainland regulators opened the domestic market in 2005 but shut it down in 2008 during the global financial crisis. The market was reopened in 2012 but saw limited growth until ...

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

    European Central Bank cuts interest rates to record low

    Posted Sep 04th 2014, 11:56pm by Reuters

    ... Reuters in Frankfurt Scheme announced to push €500 billion into flagging euro-zone economy European bank cuts interest rates to record low The European Central Bank cut interest rates to a record low yesterday and launched a new scheme that could push €500 billion (HK$5.05 trillion) into the flagging euro-zone economy. Underscoring concern about the currency bloc's health, ...

    http://www.scmp.com/business/banking-finance/article/1585437/european-central-bank-cuts-interest-rates-record-low
  5. Business - Banking & Finance - BANKING

    Pressure builds within US Federal Reserve to signal new policy course

    Posted Aug 25th 2014, 09:54am by Reuters

    ... Reuters in Jackson Hole, Wyoming Improved economic data and growing anxiety over low interest rates have set stage for US central bank to look at rewriting policy statement Pressure on Fed to adjust policy course Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the US economy and lay the groundwork ...

    http://www.scmp.com/business/banking-finance/article/1580504/pressure-builds-within-us-federal-reserve-signal-new-policy
  6. 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
  7. Business - Banking & Finance - BANKING

    Espirito Santo problems spook global markets

    Posted Jul 11th 2014, 01:31am by REUTERS. BLOOMBERG

    ... International. Portugal's benchmark stock index PSI20 fell 3.8 per cent. The Dow was down 0.69 per cent and the S&P 500 was off 0.65 per cent in early trading. Reuters, Bloomberg ...

    http://www.scmp.com/business/banking-finance/article/1551523/espirito-santo-problems-spook-global-markets
  8. Business - Banking & Finance - BANKING

    HSBC asset sale to LGT will halve countries served by its private bank

    Posted Jun 25th 2014, 02:37am by Reuters

    ... Reuters in London HSBC to halve countries served by private bank HSBC is halving the number of countries its private bank serves after selling a portfolio of Swiss banking assets, the latest bank to narrow its wealth management focus in a bid to improve profitability and cut compliance risk. HSBC, Europe's biggest bank by market value, said its private bank served ...

    http://www.scmp.com/business/banking-finance/article/1539895/hsbc-asset-sale-lgt-will-halve-countries-served-its-private
  9. Business - Banking & Finance - BANKING

    BNP Paribas chief operating officer decides to step down

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

    ... Reuters in Paris BNP Paribas veteran to step down The chief operating officer of BNP Paribas is to step down at the end of June and retire on September 30, France's biggest bank said as it wrestles with US authorities over a potential US$10 billion fine. BNP Paribas did not mention the investigation in its announcement. It said the departure of Georges Chodron de Courcel was at his ...

    http://www.scmp.com/business/banking-finance/article/1531139/bnp-paribas-chief-operating-officer-decides-step-down
  10. Business - Banking & Finance - BANKING

    Britain steps up fight against cyber crimes

    Posted Jun 11th 2014, 01:15am by Reuters

    ... Reuters in London Britain steps up fight against cyber crimes The Bank of England sought to bolster the financial industry's defences against cyberattacks when it announced a new framework to spot and test possible weak points at lenders. The central bank says hacking represents a growing risk for the financial system, which handles money for millions of customers ...

    http://www.scmp.com/business/banking-finance/article/1529576/britain-steps-fight-against-cyber-crimes

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