Lending & Credit
Citigroup to pay $285m penalty for misleading investors
Citigroup to pay $285m penalty for misleading investors
This is the third-biggest fine for such conduct and SEC’s latest action against banks.
Liquidity shortage hamper small Vietnamese banks
Local small Vietnamese lenders were forced to borrow in interbank market with sky-high interest rates after seeing massive deposits outflows.
Chinese government vigilant for ‘shadow bankers’
More than 80 businessmen mysteriously disappeared or committed suicide to avoid repaying debts to informal lenders.
Philippine banks to put PEACe bond tax in escrow
Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.
Bank Mandiri sees 27% loan growth by yearend
The lender sees growth to beat the initial 22% estimate.
Japan bank loans down by 0.3% in September
Japanese banks lent 0.3 percent less in September compared from a year earlier, reports Reuters.
Banks to bail out Wenzhou firms
Eleven work groups have been sent to oversee a bank bailout of private firms suffering from a liquidity crunch in a coordinated move to tackle the...
Sri Lankan bank gets $30M loan from German group
The German development finance institution DEG has provided a loan of US$ 30 million repayable over eight years to DFCC Bank, Sri Lanka’s pioneer...
HD Bank caught in breach of deposit ceiling
An HD Bank branch located at Ho Chi Minh City’s Tan Binh District was caught severely violating state regulation on deposit interest rate ceiling...
Twelve Viet banks pledge not to violate deposit interest rate cap
Twelve Vietnamese commercial banks which account for 85 percent market share have reached an agreement not to exceed the deposit interest rate...
VietinBank chair denies rumored extent of bank's bad debts
Pham Huy Hung, chair of VietinBank-CTG, confirmed that his bank has the lowest bad debt ratio in Vietnam's banking system.
VIB sets aside VND2T for soft loans
Vietnam International Commercial Joint Stock Bank will set aside two trillion dong to lend at the preferential interest rate of from 17.5 percent per...
TrustBank extends soft loans to exporters
TrustBank is offering incentives for small and medium-sized enterprises to serve purchase and processing of products for exports, agriculture...
SCB offers new saving interest rate benchmark
Saigon Commercial Joint Stock Bank is offering new interest rate benchmark in both dong and US dollar whereby the non-term deposit interest rate in...
Kasikorn Bank to spur small tourism business
The lender collaborated with tourism institutions in Thailand to offer a $484,496 soft loan to operators.
Siam Commercial Bank retains 18% loan growth target in 2011
The lender still optimistic of the goal despite expected slowing down of lending growth in the fourth quarter.
Westpac earns $1.5bn in residential mortgage securities
Australia’s top 4 banks, which include Westpac, hold $1tn loans portfolio in mortgages.
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Electronic trading proves its strength in times of volatility