more stories

NDRC checks on random fees 

Business | Banking
2011-12-24

THE National Development and Reform Commission will crack down on random fee collection by banks next year, a senior official said yesterday. The NDRC has discovered that banks have been randomly charging fees...

---

Fivefold rise in capital for foreign banks 

Business | Banking
2011-12-23

FOREIGN banks in Shanghai have seen their total capital surge more than fivefolds in the past 10 years to 1 trillion yuan (US$158 billion) by the end of October as they tapped the opening-up of China's economy since...

---

CDB hawks yuan bonds again 

Business | Banking
2011-12-22

---

Oversized RBS may nix equities division 

Business | Banking
2011-12-20

ROYAL Bank of Scotland Group Plc, Britain's biggest state-owned lender, may close its equities unit as the lender strives to shrink its investment bank, two people familiar with the matter said. Shutting or selling...

---

UK To Restructure Banks 

Business | Banking
2011-12-20

THE British government will restructure the country's banks by separating their retail activities from riskier investment banking operations, Business Secretary Vince Cable said on Sunday. The government will...

---

11 Swiss banks get deal offer 

Business | Banking
2011-12-19

UNITED States officials are offering 11 Swiss banks, among them Credit Suisse, a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their US offshore business to Washington,...

---

Regulator may delay capital requirement 

Business | Banking
2011-12-16

CHINA'S banking regulator may postpone tougher capital adequacy ratio regulation on banks in a bid to ensure credit supply and support economic growth, and analysts view this delay as a signal that the regulator may...

---

Economists expect slight easing in bank credit 

Business | Banking
2011-12-15

CHINA'S bank lending was shrinking in November and the growth of money supply fell to a decade-low and, because of that, economists believe China will not significantly loosen its monetary policy next year. But...

---

Call for scrutiny and accountability 

Business | Banking
2011-12-14

BANK takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain's finance watchdog said in a long-awaited report into Royal Bank of Scotland's near collapse. The Financial...

---

Failed bank agrees settlement 

Business | Banking
2011-12-14

WASHINGTON Mutual Inc, the biggest bank to fail in US history, said it reached a settlement in a dispute between shareholders and certain creditors that prevented the bank from emerging from Chapter 11 bankruptcy proceedings. ...

---

BOC eying overseas M&As 

Business | Banking
2011-12-13

THE Bank of China "will pay attention to" merger and acquisition opportunities overseas as it follows Chinese corporate clients into new markets, President Li Lihui said after opening a branch in Japan. China's...

---

Ex-CBRC head to be an academic 

Business | Banking
2011-12-13

THE former chairman of the China Banking Regulatory Commission, Liu Mingkang, will be teaching international finance supervision at Sun Yat-Sen University in the spring of next year, media reported yesterday. Sun...

---

China's banking industry ripe for crash, claims poll 

Business | Banking
2011-12-13

MOST global investors predict China will face a banking crisis within the next five years, paring their appetite for the country's shares, a Bloomberg Global Poll indicated. Sixty-one percent of respondents said...

---

100th outlet but BEA eyes more 

Business | Banking
2011-12-9

HONG Kong's Bank of East Asia, which has set its sights on offering loans to smaller businesses, opened its 100th outlet in Shanghai yesterday. The opening makes Bank of East Asia (China) Ltd the second biggest...

---

Asia's banking revenue to rank biggest 

Business | Banking
2011-12-9

ASIA is the fastest-growing market for corporate and investment banking and will replace the Americas to become the world's biggest market by 2015, management consultants McKinsey & Co said. The Asia-Pacific region's...