China
Big Four stop doing business with North Korean bank
Increases pressure on North Korea to abandon nuclear power program.
China’s shadow banking sector now valued at over U$5.8t
It's 69% of China's GDP.
China enters into currency swap arrangement with Pakistan
Was implemented May 7 after issuance of necessary instructions to banks.
BOC cuts business ties with North Korean bank
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.
Beware of these typical irregular trading activities of Class C accounts
Regulatory tightening was already imposed in China.
ICBC Thai focusing on retail market
Wants retail to account for 50% of total income by 2016.
China gets tougher on renminbi speculation
New rules immediately cause renmnbi to fall against the US dollar.
Bad loans up, asset quality down for big Chinese banks
Fourteen of 16 banks report rise in bad loans.
Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13
Net profit was only RMB47b.
Weak deposit growth hammers China’s banks
Loans exceed deposits at a faster pace.
Top 3 Chinese banks report double digit earnings growth
Growth rate will keep slowing as margins ease, however.
Bank of China's net profit up 8% to RMB39.8b in 1Q13
Check out BOC's results here.
3 key takeaways from ICBC's analyst briefing revealed
NIM compression will bottom out in 2Q13.
2 key positives to China Construction Bank's RMB59.6b profit in 1Q13
Find out how profits grew 16%.
China Merchants Bank's net profit up 12% to RMB13b in 1Q13
4 key positives revealed here.
Guess which is the leading Euro country in terms of RMB usage
RMB payments grew 249% since March 2012.