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  • April 20, 2014
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  1. News - China Insider - BANKING

    Promotion of young Chinese banker with alleged military links sparks controversy online

    Posted Apr 03rd 2014, 04:14pm by Amy Li

    ... Amy Li chunxiao.li@scmp.com General's son Sun Jing's quick rise up the lender's ranks raises some eyebrows A young Agricultural Bank of China executive, said to be the son ... for promotion at an unusually young age. A leaked document, reportedly from bank management, surfaced online stating that ABC was promoting the British-educated Sun Jing, 30, to an unspecified higher ...

  2. Business - Banking & Finance - BANKING

    Second branch of Chinese bank swamped as depositors pull cash

    Posted Mar 27th 2014, 12:58am by Daniel Ren

    ... Jiangsu branch behind the windows to prove the bank's legal status. Several depositors told the South China Morning Post that the collapse of "a huge number" of loan guarantors ...

  3. Business - Banking & Finance - BANKING

    Worried depositors descend on Jiangsu bank amid insolvency rumours

    Posted Mar 26th 2014, 05:29am by Daniel Ren

    ... who declined to be identified, told the South China Morning Post by phone yesterday. "The situation was serious and we will probably ask the police to find out the origin ...

  4. Business - Banking & Finance - BANKING

    Brokers flee HSBC for Chinese investment banks in Hong Kong

    Posted Mar 11th 2014, 11:44am by George Chen; Kanis Li

    ... with the situation told the South China Morning Post about 50 former employees of HSBC's Asian securities unit in the bank's office in the city had signed new offers with BOC International (BOCI), ...

  5. Business - Banking & Finance - BANKING

    Beijing unlikely to cut banks' buffer

    Posted Mar 13th 2014, 01:25am by Victoria Ruan

    ... mainland banks has stayed as high as 20 per cent. But several noted researchers told the South China Morning Post that Beijing's pursuit of the administrative tool to adjust the availability ...

  6. Business - Banking & Finance - BANKING

    Standard Chartered net profit declines 17pc

    Posted Mar 05th 2014, 06:51pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com StanChart loses profit momentum Standard Chartered, the British bank which is heavily exposed in emerging markets, posted its first decline in earnings in a decade due to volatile financial markets and tough conditions in South Korea, with analysts warning the bank still faces challenges in 2014. Standard Chartered's profit before taxation ...

  7. Business - Banking & Finance - BANKING

    JPMorgan to cut 5,000 more jobs

    Posted Feb 26th 2014, 03:38pm by Reuters

    ... officer Marianne Lake said the bank could post a higher profit, possibly up to US$27 billion a year, once short-term interest rates rise. The bank reported US$18 billion net income for last year, ...

  8. Business - Banking & Finance - BANKING

    Why China cannot have a 'Lehman moment'

    Posted Feb 24th 2014, 09:36am by Derek Scissors

    ... Chinese financial firms are largely owned by the same entity and run by a small set of people moved around in their posts by the party. They go bankrupt only very rarely and under very tightly ...

  9. Business - Banking & Finance - BANKING

    BEA's China unit likely to stand out as growth driver

    Posted Feb 17th 2014, 04:47am by KANIS LI

    ... in the country among key considerations for the sector. The market consensus is for BEA to post a net profit of HK$5.9 billion last year, down 2.3 per cent from 2012. Its growth driver is mainland ... on emerging markets, will report on March 5. Bank of China (Hong Kong), the Hong Kong unit of Bank of China, is expected to post results late March. Prospects for the Hong Kong banking sector ...

  10. Business - Banking & Finance - BANKING

    Credit Agricole back in profit as Europe recovers

    Posted Feb 20th 2014, 01:16am by BLOOM

    ... for a dividend payment in new shares, it said in the statement. Last week, Societe Generale, France's No2 bank, said it will more than double its dividend after posting a €322 million fourth-quarter ... to €92 million, it said. Cariparma, Credit Agricole's Italian branch network, posted a €20 million fourth-quarter profit. Credit Agricole's total international retail-banking activities ...




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