Financial Services
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
Banking bonanza: Asia-Pac investment banking revenue booms 32% to a record $6.1bn
UBS ranked first with a 5.6% market share in 1H 2011, followed by Goldman Sachs and Credit Suisse.
CIMB Securities Head busted for false trading
MAS has fined Wong Chow Lin $50,000 and given him a 2-year ban.
Asian corporates are unaware of broader spectrum of risks: Fitch
They are missing the picture by focusing on communication and spin rather than on better corporate governance, argues Fitch MD Andrew Steel.
Singapore banks show stunning loan growth at 24.2% YoY
And this is driven by business loans which expanded 27.5% in May.
Bank of Singapore appoints Richard Jerram as its Chief Economist
Jerram will be tasked to furnish macro-economic research reports with an emphasis on Asia and the Emerging Markets.
Lagarde will lead IMF with a clear sense of purpose: IMFC Chair
Mr Tharman Shanmugaratnam is confident about the appointment and is keen on reforming the international monetary system in the long term.
DBS Bank taps Singapore-China bilateral currency swap facility
Move targeted to further open up of opportunities by providing RMB financing to Singapore-based companies exporting to China.
Maybank Singapore launches the first Syariah-compliant savings account
This account caters to the local population of around 450,000 Muslims.
MasterCard appoints Ann Cairns as International Markets President
Walt Macnee was also appointed as Vice Chairman, effective August 22, 2011.
Singapore Banks may have to make less risky loans to meet new capital requirements
But analysts breathe a sigh of relief that new capital levels not too tight.
Hong Kong’s dimsum bonds subject to refinancing risks
And lingering policy uncertainty for dim-sum bonds is to blame, says Moody’s.
Royal & Sun Alliance Insurance appoints Elliot Hill as Country Manager
He will be responsible for leading RSA’s existing retail business in Singapore.
All positive for Asia’s 40 largest banks
92.5% of the largest banks in Asia Pacific have stable outlooks despite the global financial crisis.
1500 banking bean counters wanted for Ernst & Young’s new Financial Services Organisation
It’s billed as the first such centre in the region and will be spearheaded by Keith Pogson.
CIMB ceases merger talks with RHB
“Based on our various discussions and our assessment of the present expectations of key stakeholders, we do not believe that we will be able to...
CapitaLand to appoint Arthur Lang as Group CFO
Currently Morgan Stanley’s Co-Head of Investment Banking in South-east Asia, Mr Lang will join CapitaLand in September.
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