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  1. UBS pushes Asia growth after subprime setback

    Posted Jun 10th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu Swiss bank working on business and governance reforms UBS, one of the hardest-hit victims of the subprime mortgage crisis, will continue to expand its wealth management ... and other mortgage-related positions to US fund manager Blackrock, he said. UBS' subprime exposure first emerged when its Dillon Read Capital Management hedge fund, run by former investment ...

    http://www.scmp.com/article/640938/ubs-pushes-asia-growth-after-subprime-setback
  2. Bank reports on asset quality keenly awaited

    Posted Jul 28th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing When mainland banks report second-quarter results next month, asset quality will be at the forefront as the lenders unveil the results of the reviews ordered by regulators into loans to local government financing vehicles. Concerns are ...

    http://www.scmp.com/article/720745/bank-reports-asset-quality-keenly-awaited
  3. Truly a time of unprecedented challenges

    Posted Sep 26th 2008, 12:00am by Bernard Chan

    ... mortgages, it has been easy for homebuyers to borrow, and just as easy to walk away from their loans later. In Hong Kong, we have a culture of saving. Even after our property market had dropped by over 60 per cent after the bubble burst, our mortgage default rate was just a fraction of that in the US now. The regulatory scene is also different. Our regulators actively encourage lenders ...

    http://www.scmp.com/article/653997/truly-time-unprecedented-challenges
  4. Techtronic taps banks for loan refinancing

    Posted Jun 09th 2008, 12:00am by Staff Reporter

    ... concerns over deteriorating housing market sentiment in the United States. 'The subprime crisis is not over and will not be resolved in the short term and therefore the US housing market ...

    http://www.scmp.com/article/640839/techtronic-taps-banks-loan-refinancing
  5. Morgan Stanley cuts 20 jobs in HK

    Posted May 31st 2008, 12:00am by Staff Reporter

    ... of the investment banking industry's subprime mortgage crisis. It said earlier this month it planned to cut an additional 8,000 jobs. Citi has written off about US$21 billion and said last month ... by the subprime mortgage meltdown that began last year. ...

    http://www.scmp.com/article/639741/morgan-stanley-cuts-20-jobs-hk
  6. Credit crunch

    Posted Oct 02nd 2008, 12:00am by Miranda Yeung

    ..., mortgages. Recently, Lehman Brothers- a US firm with more than 100 years of history- collapsed as a result of the sub-prime mortgage crisis in the US housing market. The company was brought down ... in reality. However, the economic bubble burst last year when bank interest rates in the US rose and property prices fell. The sub-prime market fell apart as many mortgage lenders could no longer ...

    http://www.scmp.com/article/654773/credit-crunch
  7. No longer a local bank, HSBC faces global trials

    Posted Mar 03rd 2009, 12:00am by Staff Reporter

    ... to a downturn that has left its mark. Net profit fell to US$5.7 billion last year from US$19.1 billion the year before, largely as the result of losses on consumer finance in the US subprime mortgage ... reserves during the current crisis, expansion has not come at the cost of prudence. For example, HSBC acted before many others to account for the meltdown in the US subprime mortgage market. It has ...

    http://www.scmp.com/article/671863/no-longer-local-bank-hsbc-faces-global-trials
  8. Hospital and school provident funds to book losses from Lehman Brothers bankruptcy

    Posted Oct 03rd 2008, 12:00am by Staff Reporter

    ... of the highest-profile victims of the subprime-mortgage crisis which erupted 14 months ago. The Subsidised Schools Provident Fund announced it had lost HK$133 million on investments in Lehman Brothers ...

    http://www.scmp.com/article/654892/hospital-and-school-provident-funds-book-losses-lehman-brothers-bankruptcy
  9. Conditions for AIA bookrunners

    Posted Jul 27th 2009, 12:00am by Staff Reporter

    ... credit default swaps, to protect banks and hedge funds from subprime mortgage borrowers defaulting on their loans. In the subprime crisis, AIG had to pay out billions of dollars ...

    http://www.scmp.com/article/688069/conditions-aia-bookrunners
  10. Deutsche Bank to take up to 18 floors of ICC

    Posted May 07th 2008, 12:00am by Nick Westra, Sandy Li

    ... Morgan have been some of the least hit by write-offs related to subprime mortgage losses that have caused rivals to pull back from expansion. JP Morgan said in January that it planned to hire ... transaction for the Swire Properties-owned complex. Switzerland's largest bank UBS, one of the banks hardest hit in the subprime crisis, began a cull of Asia staff today as part of a larger ...

    http://www.scmp.com/article/636662/deutsche-bank-take-18-floors-icc

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