08/18/2020
As of end-July, banks have deferred repayments on consumer loans totalling around NZD 21 billion for over 61,000 customers; and business loans totalling over NZD 1.2 billion for over 3,000 customers.
08/18/2020
The initial scrutiny of the sector revolved around the use of unregulated and highly leveraged P2P loans to fuel margin trading in the stock market.
08/17/2020
The second-large investor is Morgan Stanley Investment Management
08/17/2020
A technical recession is defined as two straight quarters of negative GDP growth.
08/17/2020
During the operation, five men and four women, aged between 16 and 56, were arrested for their suspected involvement in cases of cheating and criminal breach of trust.
08/17/2020
According to Guo, the Covid-19 epidemic has interrupted the sales of well-run companies and compressed their orders, making the rebound of non-performing loans “inevitable”.
08/14/2020
In May, it was expanded from NZD 33 billion to NZD 60 billion, and New Zealand government inflation-indexed bonds were included in the programme.
08/14/2020
Delta Asia Financial Group chairman Stanley Au said the lifting of the was the result of “15 years of an unrelenting effort” and an important step forward for the bank.
08/14/2020
Further evidence of director loans showed that Gu was paid $21 million since July 2018.
08/14/2020
For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.
08/14/2020
TENTATIVE STEPS: Such measures underscore the ability of Washington to use the US dollar’s dominance in international transactions as a pressure point with China
08/14/2020
“As many loans are rolled over [in 2020], some problems will only emerge next year,”
08/13/2020
More than 150 participants across Singapore, Hong Kong and ASEAN attended the forum from a mix of single family offices, multi-family offices, consulting firms and private banks.
08/13/2020
The financial services sector is a key contributor to Singapore’s economy, and has provided good job opportunities for Singaporeans.
08/13/2020
Reaching international environmental goals needs financing, and private banks have their hand on a significant lever guiding where finances flow globally.
08/13/2020
The Federal Government announced Australians would be able to apply for early access to their retirement nest eggs as part of its response to the coronavirus fuelled economic downturn.
08/12/2020
Over the weekend, both the Hong Kong Monetary Authority and Securities & Futures Commission have issued notices in response to these designations.
08/12/2020
Brenner resigned as chair of AMP and stepped down from the board in April 2018 in the wake of the Royal Commission.
08/12/2020
The announcement of the Asia recruitment drive comes shortly on the heels of reports that the bank has resumed its global job cuts, which it initially paused upon the emergence of Covid-19, according to an article by The Guardian.
08/12/2020
The trade deal requires China to still significantly increase purchases of US goods and services and to enhance intellectual property rights protection, the South China Morning Post notes, adding that China’s purchases of US farm and energy products