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.Wednesday, 13 August, 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