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Results 1 - 10 of 243 for south korea country report

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  1. Business - Banking & Finance - BANKING

    HSBC to exit retail banking in South Korea amid profitability concerns

    Posted Jul 06th 2013, 12:00am by KANIS LI

    ... The bank will shut 10 of its 11 branches in the country and axe 230 staff. The outlook for consumer banking in South Korea remains a concern to firms there. Standard Chartered said earlier that it had seen a decline in asset quality in the country and would reassess the value of its goodwill. HSBC said it "remains committed to South Korea" but would now focus on its global ...

    http://www.scmp.com/business/banking-finance/article/1276386/hsbc-exit-retail-banking-south-korea-amid-profitability
  2. Business - Banking & Finance - BANKING

    Standard Bank writes off US$80m for Qingdao metal financing exposure

    Posted Aug 15th 2014, 08:24am by Chim Sau Wai

    ... Chim Sau Wai South Africa’s Standard Bank has booked an US$80 million writedown from its exposure to a suspected aluminium financing fraud in China. Mainland authorities are investigating suspected fraud and detained a cargo of metals that included aluminium and copper at Qingdao port, the third busiest port in the country. Standard Bank- 20 per cent owned by Industrial ...

    http://www.scmp.com/article/1574106/standard-bank-writes-us80-million-qingdao-metal-financing-exposure
  3. Business - Banking & Finance - BANKING

    Agricultural Bank, BOC to raise up to US$29b worth of preference shares

    Posted Aug 15th 2014, 09:41am by Toh Han Shih, DON WEINLAND

    ... Bank, China Construction Bank and Export-Import Bank of China planned to issue up to 65 billion yuan in tier-two capital bonds on Friday, according to mainland media reports. China Construction ...

    http://www.scmp.com/business/banking-finance/article/1574123/agricultural-bank-boc-raise-140b-yuan-preference-shares
  4. Business - Money - BANKING

    China’s Big Four lenders have 1.5tr yuan gap in deposits

    Posted Aug 05th 2014, 07:31pm by DON WEINLAND

    ... on the mainland may have driven a 1.5 trillion yuan (HK$1.9 trillion) gap in deposits at the country's Big Four banks between June and July, highlighting the lenders' practice of creating "artificial deposits" to skirt regulatory requirements. The decline in deposits was reported by Shanghai Securities News on Tuesday before official July data is released later this month. ...

    http://www.scmp.com/business/money/article/1567032/chinas-big-four-lenders-have-15tr-yuan-gap-deposits
  5. Business - Banking & Finance - BANKING

    HSBC may quit South Korean retail banking sector

    Posted Nov 30th 2012, 12:00am by Bloomberg

    ... for HSBC; we continue to invest in developing our Korean global banking and markets." KDB, South Korea's largest state-owned banking group, earlier this year said it failed to reach ... branches. HSBC, which began business in Korea more than 100 years ago, started retail banking services in 1998, and had total assets in the country of 25 trillion won (HK$178 billion) as of December ...

    http://www.scmp.com/business/banking-finance/article/1094074/hsbc-may-quit-south-korean-retail-banking-sector
  6. Business - Banking & Finance - BANKING

    HSBC blames red tape for 12 per cent drop in profits

    Posted Aug 04th 2014, 04:59pm by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Lender blames 'regulatory reform' as it reports 12 per cent drop in first-half profits, saying it is wasting resources on compliance HSBC says ... costs excluding significant items increased 4 per cent on investment in risk and compliance, the report said. Regulators have ordered HSBC to pay billions of dollars for misdeeds in recent ...

    http://www.scmp.com/business/banking-finance/article/1566246/hsbcs-first-half-results-fall-below-analysts-expectations
  7. 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, ... customers from about 150 countries but was being reduced to about 70. Most of that cut will be achieved through a deal to sell US$12.5 billion of its Swiss private banking assets ...

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

    Alibaba teams up with mainland banks to offer loans to SMEs

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

    ... investors. State-owned banks dominating the country's banking sector felt the pinch and quickly updated their wealth management products, lowered the entrance level of investments and enhanced ...

    http://www.scmp.com/business/banking-finance/article/1557338/alibaba-teams-mainland-banks-offer-loans-smes
  9. Business - Banking & Finance - BANKING

    Hong Kong and mainland creditors seek Lehman Brothers payout

    Posted Jul 18th 2014, 02:57am by Toh Han Shih

    ... with the Hong Kong affiliates of Lehman's brokerage, recovering assets worth US$71 million for distribution to Hong Kong creditors, Bloomberg reported. The Hong Kong entities claimed they were owed ...

    http://www.scmp.com/business/banking-finance/article/1555919/hong-kong-and-mainland-creditors-seek-lehman-brothers
  10. Business - Banking & Finance - BANKING

    BOC beefs up in push for larger share of debt market

    Posted Jul 17th 2014, 01:22am by BLOOM

    ... in countries including Canada, Angola and Kazakhstan. "As the yuan internationalises, more Chinese companies are expanding overseas and Hong Kong is their first choice," Wang said. "As ...

    http://www.scmp.com/business/banking-finance/article/1555493/boc-beefs-push-larger-share-debt-market

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