Taiwan's financial regulator should relax the 5 per cent limit on mainland bank shareholdings in financial institutions on the island, China Construction Bank president Zhang Jianguo said yesterday.Thursday, 7 March, 2013, 6:12am
How some people can manufacture outrage and get away with it. That's my take on Rolling Stone's treatment of how the US Justice Department mounted another scalp in its trophy case by extorting US$1.9 billion from HSBC.7 Mar 2013 - 6:12am 2 comments
It made me smile last November when Patrick Odier, group chairman of the Swiss Bankers Association, observed that “we have an image problem.” Understatement of the century. He was referring to Swiss banking’s Easter Bunny being increasingly redundant since America clipped the wings five years earlier of banks that facilitated tax evaders.27 Feb 2013 - 2:50pm
Bank of East Asia (BEA), the largest independent local bank in Hong Kong, is scheduled to announce its full-year results today, kicking off the reporting season for listed banks.26 Feb 2013 - 5:13am
While bankers see big benefits from Qianhai development there is scepticism elsewhere in the financial industry about whether the plan will benefit the sector or the Hong Kong economy as a whole.26 Feb 2013 - 4:54am
The past week proved to be a scandalous one for the mainland's stock market.
A private conversation about the market outlook between one of the mainland's most respected analysts and an influential fund manager was secretly recorded by a third party and then leaked to the public.
The impact? What a shock!25 Feb 2013 - 2:49pm 2 comments
Hong Kong's efforts to tackle money laundering are under increasing strain due to a surge in the number of suspicious transactions being reported and concerns over a brain drain of investigators to the private sector.24 Feb 2013 - 1:50am 5 comments
Members of the European Parliament and diplomats agreed to reconvene on February 27 after their negotiations ended without a deal on how to implement components of the Basel bank regulations in the EU.21 Feb 2013 - 6:22am
The increase was revealed as the new leaders in Beijing try to make good on their anti-corruption pledges and international banks and financial institutions attempt to restore public faith after a string of dirty-money scandals.17 Feb 2013 - 5:22am
Societe Generale cut jobs and sold assets last year to cope with stricter international capital and liquidity rules after French banks had their access blocked to US dollar funding and European debt markets. The write-downs and litigation costs in the quarter offset a rebound in earnings at the corporate- and investment-banking unit, where the firm trimmed about 1,600 jobs after shuffling management.14 Feb 2013 - 4:41am