What is the problem and how big can it be? The size of nonperforming loans relative to capital is many times worse than the U.S. banking problem in 2008. There is only one solution that…
Tagged By financials
China's money rates decline as liquidity pressure eases
SHANGHAI, Dec 23 China’s primary money rates, which rose at the start of this week, were largely lower on Friday as liquidity tightness eased after fund injections by the central bank and progress resolving a…
Deutsche Bank to pay $7.2b to settle US probe
Deutsche Bank AG said it has reached a $7.2 billion agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fueled investor angst. Deutsche Bank will pay…
China Central Bank Extends Emergency Loans to Financial Firms
China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms on Friday and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease…
Global green bond market tipped to reach US$100bn in 2017, with China seen maintaining its lead
“China has grown from almost no issuance two years ago to the world’s largest green bond issuer this year,” Laurent Morel, Asia Pacific head of debt capital markets at French bank Societe Generale, told the…
BRIEF-Bank of Zhengzhou says CSRC accepts application materials for A share offering
Dec 23 Bank of Zhengzhou: * Acceptance by China Securities Regulatory Commission of application materials for the A share offering Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; ) Next…
UPDATE 1-China treasury yields ease after calming c.bank liquidity injection
BEIJING Dec 16 China’s central bank made a larger than expected liquidity injection on Friday morning, helping push treasury yields down after interbank markets tightened following the U.S. Federal Reserve’s rate hike on Thursday. The…
Fonterra strikes $200 million facility agreement with Bank of China
Fonterra, the world’s largest dairy exporter, said the facility provided diversity in its yuan funding sources for its operations in China, its largest market. “Bank of China has strong liquidity in renminbi and its local…
China syndicated loans hit record; Big Singapore property loan
Shaanxi Yanchang Petroleum Group has signed a RMB 15.3 billion facility through sole mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, Bank of Communications, China CITIC Bank International, China Construction Bank…
FBI probes bank regulator FDIC hack linked to China's military: sources
Washington: The FBI is investigating how hackers, believed sponsored by China’s military, infiltrated computers at a US federal agency that regulates commercial banks for several years beginning in 2010. The agency, the Federal Deposit Insurance…
China makes progress in building government financial report system
China has made headway in its plan to build a comprehensive government financial report system in a bid to raise fiscal transparency, according to an official report released Friday. At present, the country has started…
Alibaba-Backed China Retailer Suning Wins Approval To Set Up Bank
Suning Commerce Group, the big China appliance retailer whose investors include China e-commerce leader Alibaba Group, has received regulatory approval to set up a bank. The China Banking Regulatory Commission on Tuesday said Jiangsu Suning…
China Says it did not use ‘Financial Muscle’ as Sao Tome Break Ties With Taiwan
China’s Foreign Ministry spokeswoman Hua Chunying categorically refuted Taiwan’s allegation that China had indulged in “dollar diplomacy.”(Photo : Getty Images) China on Thursday refuted the Taiwanese government’s allegation that it used its financial … (…
ADVERTISEMENT
