Banking


Banks gear up for delta projects

China’s banks are planning “three zones, one valley and one platform” for the Yangtze River Delta region....

December 12, 2019, Thursday


Tech standards in place for data control

The Chinese banking industry’s self-regulatory organization said more technological standards are in the pipeline to help better govern torrents of data in the sector....

November 28, 2019, Thursday


Coins to welcome Year of Rat released

China’s central bank has issued a series of commemorative coins for the Year of Rat, with each set containing 10 gold and seven silver coins....

November 25, 2019, Monday


ICBC unveils Yangtze Delta solutions

The Industrial and Commercial Bank of China, the country’s largest commercial lender, unveiled a set of financial solutions yesterday in Shanghai aimed at supporting the integrated development of the Yangtze...

October 11, 2019, Friday


Report claims HSBC planning to lay off 10,000 staff

The London-headquartered HSBC Holdings is planning to lay off up to 10,000 staff, a report said yesterday, just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts...

October 8, 2019, Tuesday


Top banks report stable results in the first half

China’s six largest commercial banks reported stable performances in the first half of 2019, with loan growth picking up and asset performance improving, Moody’s Investors Service said yesterday....

September 25, 2019, Wednesday


HSBC CEO Flint makes shock exit

HSBC yesterday announced the shock exit of chief executive John Flint but denied talk of a management split as it also axed 4,000 jobs and warned of dark clouds on the horizon....

August 6, 2019, Tuesday


Chairmen, boards need to lead in transformation

ChairmEn and boards of directors will play key roles in financial institutions’ transformative development soon and they should assume new roles to embrace the opportunities and challenges in an age of...

July 19, 2019, Friday


‘Reinventing’ Deutsche Bank begins staff layoffs

Deutsche Bank laid off staff in Asia as it began cutting 18,000 jobs as part of a 7.4-billion-euro (US$8.3 billion) “reinvention” set to tip Germany’s largest lender into yet another annual loss....

July 9, 2019, Tuesday


Bank first to complete yuan deal

Deutsche Bank announced yesterday that it has completed its first centralized management transaction of yuan foreign debt for its clients under China’s new rules for cross-border fund management....

July 4, 2019, Thursday




 

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