Chinese bank lending lower than expected

BANKS in China lent less than expected in October amid sluggish corporate demand and banks’ concerns over credit quality. New yuan loans totaled 513.6 billion yuan (US$81 billion) last month, about half ...

Feng Jianmin | November 13, 2015, Friday

Central bank cuts interest rates

CHINA’S central bank yesterday announced a cut in benchmark interest rates by 25 basis points and the reserve requirement ratio by 50 basis points from today in a bid to counter the economic slowdown. ...

Anna Lu | October 24, 2015, Saturday

UK bank to slash 25% of senior staff

STANDARD Chartered’s new Chief Executive Bill Winters plans to cut up to a quarter of the bank’s most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 ...

October 10, 2015, Saturday

Sperm bank kept busy after ad promises cash equal to iPhone

OFFICIALS from the city’s sperm bank have been hooked on the phone ever since they released an ad seeking donors with promises of cash that could buy the latest Apple iPhone. The ad was released by Shanghai ...

Zhang Ningning | September 19, 2015, Saturday

Slow half for foreign banks in Shanghai

FOREIGN banks in Shanghai reported minimal asset growth in the first half of the year, while the contribution interest margins made to their profits continued to fall, the city’s banking regulator said ...

Feng Jianmin | August 15, 2015, Saturday

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