Banking


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


China banks maintain dominance in global list

Chinese banks have maintained their grip on The Banker’s latest ranking of the Top 1000 World Banks, helped by the outstanding growth of the mid-tier lenders....

July 2, 2019, Tuesday


China vows ample liquidity for small banks

China will continue to provide liquidity support to small lenders, according to a meeting attended by the country’s financial authorities and major banks....

June 10, 2019, Monday


Agency predicts profitability pressures for banks

Chinese banks will face a trade-off between leverage, growth and systemic risks as their profit growth struggles with the pace of asset expansion, Fitch Ratings said yesterday....

May 29, 2019, Wednesday


Banking institutions in robust health

China’s banking financial institutions saw an increase in total assets and liabilities, new data from the country’s top banking regulator shows....

April 29, 2019, Monday


German hopes of financial ‘national champion’ die

Germany’s two biggest lenders, Deutsche Bank and Commerzbank, said yesterday they had called off talks on a possible merger, dashing Berlin’s hopes of creating a financial “national champion....

April 26, 2019, Friday


Berlin under pressure over Commerzbank stake

German taxpayers would lose billions of euros if the state sold its stake in Commerzbank ahead of a possible merger with Deutsche Bank, a government document showed, highlighting the risks of government...

April 4, 2019, Thursday




 

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