Subprime Mortgage Crisis Solutions Debate

'Rogue' trading is actually business as usual in world of investment banking

Once again, news media have had a field day with the discovery of yet another 'rogue trader', this time one who cost his Swiss employer US$2.3 billion in allegedly fraudulent losses since 2008.

Saturday, 24 September, 2011, 12:00am

US dances on debt's cliff edge

Winston Churchill famously said that, 'you can always count on Americans to do the right thing after they've tried everything else'.

Given the dangerous game being played between the White House and the US Congress on budget deficits and the debt ceiling, it seems that today's American politicians are determined to prove Churchill wrong.

26 Jul 2011 - 12:00am

A much-needed boost for the private economy

After months of dithering and wrangling, the leadership is to release a new series of measures to boost the private economy within the next few months as its controversial 4 trillion yuan (HK$4.5 trillion) economic stimulus package is losing steam and concerns are mounting.

7 Sep 2009 - 12:00am

The right rules, and the facts to invest prudently

The proposed settlement brokered by the Securities and Futures Commission offers a swift and practical way to resolve the long-running minibond controversy. It will not settle all outstanding claims, but it is a realistic solution that should help most retail investors recover up to 70 per cent of their investments, and possibly more, depending on market conditions.

23 Jul 2009 - 12:00am

Private sector being left behind amid economic rebound

The mainland economy appears on the face of it to be purring once again, rebounding from its weakest growth in almost a decade.

But questions are increasingly being asked about whether the cheery headline numbers mask structural flaws in the world's third-biggest economy.

17 Jul 2009 - 12:00am

Good incentives for the corporate world

Some of the least popular people today are financial sector bosses, notably in America and Britain. In return for huge salaries and bonuses over the years, they have ruined some of the biggest names in banking, along with markets, industries and the lives of many ordinary people around the world.

13 Mar 2009 - 12:00am

Small investors must have better protection

During periods of market mania, people can be persuaded to buy all kinds of dodgy financial products. It is not always possible to save investors from their folly, but regulators have a duty to deter financial institutions and their agents from exploiting it. Even the best regulations cannot halt the cycles of boom and bust.

10 Jan 2009 - 12:00am

quiztime

Pick the correct answer

1 Companies also calculate their net worth. What is it called?

a) Net Worth Statement

b) Cash Flow Statement

c) Balance Sheet Statement

d) Profit and Loss Statement

2 Liabilities is another word for:

a) debt

b) loan

28 Jan 2008 - 12:00am

Think-tank plays down growth risk in economy

China's economy faces risks from excessive credit growth, soaring property prices and runaway fixed-asset investment by local governments, but as a whole there are no signs of overheating, a new State Information Centre report shows.

1 Jun 2006 - 12:00am

Few executives say reform pressure comes from above

Although the recent spate of corporate scandals has shaken public trust in financial institutions, the strongest pressure for reform remains external, according to a survey of 43 North American, European and Asian financial institutions.

28 Jan 2003 - 12:00am

Help for homeowners

Bank of China Group said it would offer 100 per cent mortgages for homeowners suffering from negative equity. The bank will offer interest from 0.25 per cent below the prime rate to 2 per cent below the prime rate. A bank spokesman said it would determine the interest rate based on the clients' credit record and income.

20 Oct 2001 - 12:00am

HKMA rescue facility capped at $10b for qualifying banks only

The Hong Kong Monetary Authority's lender of last resort facility is being capped at $10 billion and made available only to troubled banks with a capital-adequacy ratio of more than 6 per cent.

3 Jul 1999 - 12:00am

Korea, Indonesia bailouts bite into agency's capital resources

The Asian Development Bank has seen its annual lending to the region soar by nearly 70 per cent, as the full weight of the financial crisis bites into its capital resources.

27 Apr 1998 - 12:00am

Equities issues urged to reduce banks' loan load

An expansion of the shareholding system is the only way to reduce the risk of mainland banks squeezed between too many deposits and too many bad loans.

So argued a front-page article in yesterday's Economic Information Daily, part of a heated debate ahead of the Communist Party's 15th congress this autumn over how to reform the country's ailing state companies.

7 Aug 1997 - 12:00am

Debt and dollar slide mauls China

CHINA'S banks are still seriously under-capitalised, crippled by non-performing debts and with capital-adequacy ratios far below international requirements, according to AsiaRisk magazine.

It said the banks had been hurt by currency fluctuations and recommended that they 'put prudent risk management systems in place, instead of blaming themselves for placing wrong bets'.

23 Nov 1995 - 12:00am

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