The Royal Bank of Scotland has reached a US$153.7 million settlement with the US Securities and Exchange Commission over an investigation into its mortgage-backed securities.Friday, 8 November, 2013, 12:31pm
A US$4.3 million arbitration award to a broker who was encouraged by his former firm to sell securities that later failed could spawn similar complaints from other brokers.27 Sep 2013 - 2:27pm
The Hong Kong Monetary Authority will review its restrictive mortgage policies in light of the falling property market, but it has no immediate plans to relax them, said its chief executive Norman Chan Tak-lam yesterday.10 Dec 2011 - 12:00am
If there is any doubt that Hong Kong property is slipping into a down cycle, one needs only to look at the evaporation of capital available to the city's big real estate developers.
Once reliably cheap credit is now scarce, forcing real estate consortia to borrow at costs not seen for more than a decade.28 Nov 2011 - 12:00am
Pimco's Total Return Bond Fund experienced problems throughout the first half of 2007. A prolonged period of low economic and financial market volatility led market participants to become increasingly comfortable with taking additional risks, often unjustified by rational assumptions, and this process drove the compensation that investors received for taking risks to extremely low levels.22 Apr 2008 - 12:00am
Asian offshore bonds continue to provide unique credit stories, which are relatively immune to the recent ripples from the United States sub-prime mortgage crisis. But some bankers and fund managers say the supply of bond issues in the primary market may quieten down through the summer due to rising finance costs.22 Jul 2007 - 12:00am
Beijing has approved the issuance of mortgage-backed securities in a bid to develop the domestic bond market, improve banks' balance sheets and boost mortgage lending, industry sources said. The mainland's first such issue is likely to come from China Construction Bank, according to IFR Asia magazine.29 Apr 2000 - 12:00am
THE first major property sale of the year received a lukewarm response yesterday, with mortgage sellers almost outnumbering home buyers.
Only about 37 per cent of 1,911 prospective buyers registered for the sale at Island Resort, Siu Sai Wan, showed up, with 703 out of 828 units sold by 6pm yesterday.27 Feb 2000 - 12:00am