Arcane policy discussions going on at the US Federal Reserve will soon start to seem very real to Hong Kong mortgage holders.Monday, 6 June, 2011, 12:00am
Bankers have a message for householders: the days of historically low interest rates may be numbered.16 Apr 2011 - 12:00am
How worrisome are property bubbles for the banking system? Based on the recent subprime and then global financial crises, very worrisome indeed. Property is so important to our economic life because we take it for granted. For households, a home is likely to be the largest single investment.2 Apr 2011 - 12:00am
Some slowdown. Yesterday China's statisticians announced that the mainland's property prices climbed by 12.8 per cent over the year to April (see the first chart below).12 May 2010 - 12:00am
Hong Kong banks are under increasing pressure to raise the lending rates they charge consumers, even though central banks around the world have cut interest rates to ease the financial crisis and avert a global recession.11 Oct 2008 - 12:00am
Fubon Bank (Hong Kong), a unit of Taiwan's Fubon Financial Holding, says banks remain cautious about lending to corporates doing business on the mainland because of concerns about rising loan delinquencies.
The bank yesterday said net earnings grew 15 per cent to HK$250 million in the first half of the year.13 Aug 2008 - 12:00am
DBS Bank (Hong Kong), a local unit of Singapore's largest lender, will increase mortgage rates for new homebuyers by 20 basis points from Monday. Other lenders are expected to follow the move.
DBS is the first bank to declare a rate increase after recent concern in the industry about the squeeze on mortgage margins because of higher funding costs.14 Jun 2008 - 12:00am
Hybrid plans lock in borrowers at the top of interest cycle
Cynics argue that a sure sign interest rates are due to fall further and stay down for a long while is when banks begin to promote fixed-rate lending products.30 Apr 2008 - 12:00am
The fallout from the subprime crisis continues to cost banks billions, is sending stocks tumbling and putting lenders on high alert. Nevertheless, the Asian property market, underscored by a perennial shortage of choice premium housing, has so far remained unscathed.25 Apr 2008 - 12:00am
Subprime has now become a familiar word to us all. Financial corporations that should have known a crisis was looming seem to have had their judgment clouded by the hollow prize of profiting from the lending of easy money. Many economists warned of the fallout from bad loans that had to be written off.18 Apr 2008 - 12:00am
One [hedge fund] manager, John Paulson, last year earned US$3.7 billion. He reaped that bounty, probably the richest in Wall Street's history, by betting against certain mortgages and complex financial products that held them ...
... Even on Wall Street, where money is the ultimate measure of success, the size of the earnings makes some uneasy.18 Apr 2008 - 12:00am
A retired couple are suing investment giant Merrill Lynch after losing US$410,000 on a subprime mortgage-backed bond they claim they were tricked into buying.16 Apr 2008 - 12:00am
Wall Street sparks rally in Asia, sending HK to 5-week high
Hong Kong stocks rose to a five-week high yesterday as optimism that the subprime nightmare was ending propelled Wall Street to its best start to a second quarter in 70 years.3 Apr 2008 - 12:00am
Foreign enthusiasm for the mainland property market is expected to cool this year as the unstable global economy and Beijing's austerity measures slow overseas investment, Deloitte Touche Tohmatsu said.3 Apr 2008 - 12:00am
China Citic Bank Corp, the mainland's seventh-largest commercial bank, met its own forecast when net profit more than doubled last year from 2006 on rapid loan growth and improved interest rate margins.27 Mar 2008 - 12:00am