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  1. CCB discloses US$1.06b in subprime investments

    Posted Aug 27th 2007, 12:00am by Staff Reporter

    ... of investments related to United States subprime mortgages as it announced higher than expected first-half profit. The bank said it had set aside 139 million yuan as provision against securities rated AA ... prompting the lender to make 1.14 billion yuan of provisions while Industrial and Commercial Bank of China had US$1.22 billion in subprime investments. 'These securities are expected to have ...

    http://www.scmp.com/article/605709/ccb-discloses-us106b-subprime-investments
  2. CSRC tightens rules

    Posted Aug 26th 2008, 12:00am by Staff Reporter

    ... on their holdings in US subprime-related securities. Many listed lenders have also invested in bonds issued or guaranteed by the two troubled US mortgage finance giants, Fannie Mae and Freddie Mac, raising ...

    http://www.scmp.com/article/650327/csrc-tightens-rules
  3. Bank of China earnings rise after provisions for subprime losses

    Posted Jan 23rd 2008, 12:00am by Staff Reporter

    ... in US subprime mortgage securities in the fourth quarter, mainland banking sources said earlier. 'The lender will probably make an announcement on increased provisions in the fourth quarter ... Natalie Chiu Bank of China, the nation's third-largest lender, says profit grew last year even after it set aside provisions for investments related to the troubled US subprime ...

    http://www.scmp.com/article/623936/bank-china-earnings-rise-after-provisions-subprime-losses
  4. The Big Short

    Posted Feb 06th 2011, 12:00am by Charmaine Chan

    ... Eisman, who saw the subprime mortgage market as a Ponzi scheme, and Michael Burry, who realised that the road to riches lay in credit-default swaps on subprime mortgage bonds, even though ... triple-As to bonds worth less, and investment bankers who realised defaults on subprime mortgages were rising but did their best to hide the fact. Some books are more interesting than others. ...

    http://www.scmp.com/article/737493/big-short
  5. Business - Banking & Finance

    Former boss disputes Tourre’s description of mortgage deal

    Posted Jul 19th 2013, 03:06pm by Reuters

    ... Fabrice Tourre’s former boss at Goldman Sachs distanced himself on Thursday from the way Tourre described hedge fund Paulson & Co’s role in a 2007 subprime mortgage deal. Tourre, ... lawyers, who will start calling their witnesses next week, have sought to show it was common knowledge in financial markets that Paulson & Co was betting against subprime mortgages. Egol’s ...

    http://www.scmp.com/business/banking-finance/article/1286162/former-boss-disputes-tourres-description-mortgage-deal
  6. Corrections & clarifications

    Posted Aug 29th 2007, 12:00am by Staff Reporter

    ... The report 'CCB discloses US$1.06b in subprime investments' published on August 27 should have said: 'The bank said it had set aside 139 million yuan as provision against securities, rated AA or above, less than market forecasts of 576 million yuan.' ...

    http://www.scmp.com/article/605915/corrections-clarifications
  7. Property - Hong Kong & China - PROPERTY

    China's 'no-money-down' practice echoes US subprime loan risks

    Posted Jun 16th 2014, 03:12am by Bloomberg

    ... Bloomberg in Beijing China faces US-style subprime risks Mainland homebuyers are being offered no-money-down purchases in an echo of the subprime lending that triggered the economic meltdown in the United States and the global financial crisis. Deals skirting government requirements for minimum 30 per cent down payments have emerged this year from Guangzhou and Shenzhen ...

    http://www.scmp.com/property/hong-kong-china/article/1533600/chinas-no-money-down-practice-echoes-us-subprime-loan-risks
  8. Property - Hong Kong & China

    Mortgage loan curbs to stay until home prices fall, HKMA chief Norman Chan says

    Posted Jul 14th 2014, 11:40pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Home values remain stubbornly high despite six rounds of Monetary Authority cooling measures Loan curbs to stay until prices fall Six rounds of mortgage tightening by the Hong Kong Monetary Authority since 2009 have reduced lending but not reined in prices, the latest figures show. The average loan-to-value ratio of new residential mortgage loans has ...

    http://www.scmp.com/news/article/1554356/mortgage-loan-curbs-stay-until-home-prices-fall-hkma-chief-norman-chan-says
  9. Business - Banking & Finance

    JPMorgan faces criminal and civil probes over mortgages

    Posted Aug 08th 2013, 11:54am by Reuters

    ... Recession JPMorgan Chase, the biggest US bank by assets, said it is being investigated by criminal and civil divisions of the US Department of Justice over offerings of mortgage-backed securities. The civil division gave the company a notice in May that it had preliminarily concluded that the firm violated federal securities laws in offerings of subprime and Alt-A residential mortgage ...

    http://www.scmp.com/business/banking-finance/article/1295222/jpmorgan-faces-criminal-and-civil-probes-over-mortgages
  10. Subprime crisis to hit Hong Kong banks

    Posted Aug 04th 2008, 12:00am by Amanda Lee

    ... Amanda Lee Local lenders expected to announce lower profits, analysts say Hong Kong banks are expected to show lower earnings because of the ongoing subprime mortgage crisis engulfing ... profits of Hong Kong banks to meet expectations. 'The profits of many Hong Kong banks will continue to be affected by the subprime mortgage problems even though they have only some ...

    http://www.scmp.com/article/647799/subprime-crisis-hit-hong-kong-banks

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