Financial Crisis of 2007–2009

Former head of Iceland's failed Kaupthing bank faces conspiracy trial

Icelandic banker Sigurdur "Siggi" Einarsson, who ran Kaupthing bank until its collapse five years ago, is among nine former senior staff who have been charged in Reykjavik with orchestrating five large-scale market manipulation conspiracies.

Thursday, 21 March, 2013, 3:00am

G20: leaders lack force at just another talkfest

Finance ministers and central bank governors at the G20 meeting in Moscow last week believed global economic risks have receded. Photo: EPA

There was little evidence of any idea or contribution from China or India, let alone from Brazil, Indonesia, South Africa, or any of the developing countries now sitting at the supposed international top table, except maybe a suggestion of blocking action on climate change.

20 Feb 2013 - 6:21am

Mainland bank lending down sharply in April

Mainland bank lending tumbled last month, reflecting weakening investment sentiment, partly reflecting slowing demand.

But the jury is still out on when the government may ease monetary policy to help the world's second biggest economy.

3 May 2012 - 12:00am

Profits highest for four years

Mainland banks last year posted their highest profits in at least four years, despite a slight rise in bad loans for some in the fourth quarter amid a slowing economy.

25 Apr 2012 - 12:00am

Planners aim at shift to consumption

The central government aims to slow the expansion of capital investment this year, as part of efforts to rebalance the economy in favour of consumption and to keep inflation in check.

7 Mar 2012 - 12:00am

Bid to boost spending as storm clouds gather over the economy

As the global economy becomes more volatile, China has to rely more on its own consumers to sustain growth.

Few economists in Beijing dispute that line of thinking, but questions remain about how it might be achieved.

29 Jan 2012 - 12:00am

London and Paris shine despite crisis

Where in the world would you buy property this year, assuming you were brave enough to invest at all?

11 Jan 2012 - 12:00am

Bull in a China slump

China's economic growth juggernaut is slowing, and the Hang Seng Index has lost 21 per cent so far this year. But Clinton Dines, executive chairman of Shanghai-based hedge fund Caledonia Asia, says the mainland remains a good bet and is urging investors to pile back into Chinese stocks while they are cheap.

19 Dec 2011 - 12:00am

In Europe, a tussle plays out between market certainty and political reality

In the 1930s, the American economist Irving Fisher outlined the dangers of debt deflation dynamics. It starts with the distress-selling of assets by borrowers to reduce their debt. Next, banks' balance sheets contract as customers pay off their debt. A general fall in asset prices creates a further fall in business net worth.

10 Dec 2011 - 12:00am

Best days may be behind lenders

Mainland banks' best days may be behind them as they are unlikely to see profit growth in the next two years if they take proper bad-loan provisions, analysts say.

3 Nov 2011 - 12:00am

Mainland banks see improved profits

Major mainland banks yesterday reported improvements in profits and asset quality but analysts warned net income growth would cool and bad loans would pick up in the near future.

27 Oct 2011 - 12:00am

A taste of things to come

So far the dim sum market has run remarkably smoothly. Much of the issuance though has come from Chinese banks whose ratings almost touch that of the sovereign.

19 Sep 2011 - 12:00am

Grey-market loans in just two provinces top 3tr yuan

Roughly three trillion yuan (HK$3.63 trillion) of bank loans on the mainland have been channelled into underground lending in the eastern provinces of Jiangsu and Zhejiang, Securities Times reported yesterday.

11 Aug 2011 - 12:00am

False optimism in bank 'profits'?

Agricultural Bank of China has attempted to inject some cheer into the depressed mainland banking sector, trumpeting that its first-half profits will rise 45 per cent over the same period last year.

14 Jul 2011 - 12:00am

Good money tossed after bad on local-debt pile

Beijing's solution to the debt plague afflicting local government infrastructure projects appears to be to throw more money at it.

9 Jul 2011 - 12:00am