European Central Bank officials were considering new rules that would require banks to give more information about loans used as collateral for borrowing from the institution, a person with knowledge of the situation said.Friday, 18 January, 2013, 5:27am
Banks should stop financing arms race
Calvin Quek of Greenpeace East Asia ("Green advocacy can help banks shed the spectre of scandals", January 5) calls on large international banks to redeem their blemished image by investing in "green" and low-carbon projects.17 Jan 2013 - 2:06am
With China's new administration in place, the National People's Congress and Chinese People's Political Consultative Conference will meet again in March to come up with a new framework for the next stage of China's economic growth. Boosting household consumption and private-sector-led growth will be at the top of the agenda.15 Jan 2013 - 3:41am
A mainland bank’s offer to automatically transfer most of a husband’s income to his wife’s account has provoked fury, with some calling it “the most atrocious banking service against men in history”.
On its website China Merchants Bank (CMB), a major financial institution, describes its “capital accumulation” service as a “time- and energy-efficient” way for a couple to save money.14 Jan 2013 - 3:41pm
The past week was hectic in terms of the news coverage of HSBC's deal to sell its stake in Ping An Insurance. Much of the focus was on who the behind-the-scenes buyer was.
Today, I will try to offer a personal look at the coverage from behind the scenes.14 Jan 2013 - 8:17am
Imagine being in a car with a driver who differs from other drivers in two crucial ways. The first is that he is paid based on how fast he drives. For every 10km/h over the speed limit he doubles his wages.10 Jan 2013 - 4:39am
The loosening of liquidity rules due to come into effect on banks raises hopes among some analysts of a recovery of lending in the euro zone.
The Basel Committee on Banking Supervision announced over the weekend that it would give banks more time to meet global liquidity rules, phasing them into force from 2015.10 Jan 2013 - 4:21am
Like the Ghost of Christmas Past from Charles Dickens' beloved tale, A Christmas Carol, another scandal has come to spook an investment bank.
UBS closed the chapter on the US$2 billion rogue trader scandal in November, and has now settled with regulators, paying a record US$1.5 billion fine, for manipulating the London interbank offered rate.5 Jan 2013 - 2:38am 2 comments
This time of year, the annual bonus is the talk of the town. Expectations in banking circles are running high, but the talk itself is kept pretty low. That's because since the 2008 global financial crisis, rewarding bankers has become a particularly sensitive topic.31 Dec 2012 - 8:55am
While Hong Kong banks welcomed Beijing's initiative to let them make yuan-denominated loans to companies operating in Qianhai, analysts warned the amount of new business would be small, at least at first, and not lucrative.29 Dec 2012 - 4:58am
This has been a tough year for business, but beyond the headlines is a compelling Asian story of robustness, adaptability and entrepreneurial flair that bodes well for next year.24 Dec 2012 - 3:58am
The HKMA said on Thursday that it would probe Swiss banking giant UBS over claims of possible rigging of Hong Kong’s interbank offered rate (Hibor).20 Dec 2012 - 9:49pm
France has introduced a long awaited bank reform bill and dismissed criticism that the measures fell short of campaign promises by French President Francois Hollande to get tough on bankers.
French Finance Minister Pierre Moscovici said the reform was inspired by reforms currently being pushed through by the EU and was above all meant to ”protect the deposits of savers.”20 Dec 2012 - 12:23pm
As Germany’s biggest lender, Deutsche Bank has for many people long symbolised everything that is wrong and immoral about the banking sector and its perceived culture of limitless greed.17 Dec 2012 - 11:58am
To most people, Christmas means presents. But to the banking industry, this Christmas may be more about Scrooge than Santa, warnings than gifts.17 Dec 2012 - 12:02pm