Subprime Mortgage Crisis

9 Feb 2013

Shares in credit rating agency Moody's slid 6 per cent yesterday as the prospect of a federal fraud lawsuit over its pre-crisis debt ratings overshadowed a 66 per cent rise in quarterly earnings...

US government slaps S&P with US$5b fraud lawsuit

6 Feb 2013

The US government is seeking US$5 billion in its civil lawsuit against Standard & Poor’s, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the...

China Merchants rises in earnings and bad loans

18 Aug 2012

China Merchants Bank, the country's sixth-largest lender by market capitalisation, said bad loans rose for the second consecutive quarter as credit quality in the Yangtze River and Pearl River...

New loans weaker than expected

11 Aug 2012

New loans advanced by banks on the mainland came in weaker than expected last month, suggesting a need for more effective stimulus policies to revive lacklustre demand in the economy, analysts say...

America the beautiful

18 Jun 2012

If you Google the words 'Harbin Pharmaceutical Plant', you will find photos of a palatial interior. The facility has marble floors, paintings and chandeliers.

Opinion

Jake Van Der Kamp

An age-old problem and the sums that just don't add up

Howard Winn

HSBC suffers the Taibbi treatment in Rolling Stone

Shirley Yam

How tycoons' IPO 'losses' may hide profits at herd's expense

New credit set for first fall since 2008

New credit in the mainland could fall for the first time since 2008, amid a weakening real economy and banks' tightening liquidity.

Beijing plans stimulus for target sectors

Beijing has pledged to support seven new strategic industries, including renewable energy, and kick-start 20 major projects as it moves to counter a sharp slowdown in economic growth.

Slower growth to hit banks

The era of high growth among mainland banks is looking increasingly hard to sustain, and the amount of local government loans becoming due in the next two years could exacerbate the situation....

Property gloom spreads on mainland

A record number of mainland cities saw a drop in new-home prices last month as Beijing continued to curb speculation in the property market.

Forty-six out of 70 monitored cities...

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...

ICBC posts lacklustre earnings

Industrial and Commercial Bank of China (ICBC) has posted its slowest profit growth in three years, evidence that a sluggish economy is taking a toll on the country's biggest bank by assets.

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