The financial health of bloated industries in China has prompted many banks to cut back on lending in some sectors.» Read More
LONDON, Feb 18- Sharp gains in Tokyo pulled global stocks higher on Tuesday after the Bank of Japan pumped more stimulus into the economy, hitting the yen, while caution before German data kept European share markets just below recent highs.
LONDON, Feb 18- The yen fell to its lowest in nearly three weeks against the dollar and the euro on Tuesday, after the Bank of Japan held policy steady, as expected, and extended a special lending programme to support the economy.
HONG KONG, Feb 18- Hong Kong shares edged up to another three-week high on Tuesday, as a 3 percent rise for Bank of East Asia after the local lender reported robust 2013 net profit helped offset weakness for Chinese cyclicals. The Hang Seng Index ended up 0.2 percent at 22,587.7 points, its highest closing since Jan. 23.
When the Cypriot government forced bank depositors to pay their share of an international bailout, Vasilis Zertalis’s phone started ringing.
TOKYO, Feb 18- Japan's Nikkei share average soared to a 2-1/ 2- week high on Tuesday, led by the banking sector after the Bank Of Japan said it would extend loan facilities by a year at its policy meeting. As widely expected, the BOJ kept monetary policy steady and maintained its upbeat assessment on the economy.
TOKYO, Feb 18- The yen dropped against its major counterparts on Tuesday, after the Bank of Japan held policy steady as expected and extended a special lending program to support the economy.
Ritesh Maheswari, Financial Services Ratings for Asia-Pacific, Standard & Poor's, discusses how Asian banks may be vulnerable to a cocktail of Fed tapering and potential tightening in China.
China has just settled one shadow-banking product's high-profile failure and another has emerged, with analysts expecting more potential defaults ahead.
Bill Winters, CEO of Renshaw Bay and former co-CEO of JPMorgan Investment Bank, warns that "bad eggs" still remain in the banking industry.
HONG KONG, Feb 17- Hong Kong shares closed at their highest in three weeks on Monday, thanks to robust Chinese bank lending data and a rally by mainland insurers after China Life Insurance reported strong January premium growth.
*Daqin Railway sheds early gains despite policy news. HONG KONG, Feb 17- Hong Kong shares hit their highest in three weeks early on Monday, led by insurers which posted strong January premium growth and helped by robust China bank lending data.
Guy Stear, Asia Head of Research at Societe Generale, analyzes the rise in Chinese total social financing last month.
Mike Hirst, Managing Director and Chief Executive Officer of Bendigo & Adelaide Bank, describes how a strong customer base contributed to the lender's 9.5 percent rise in first-half profits.
BERLIN, Feb 16- The head of the euro zone's bailout funds, Klaus Regling, said that he believes banks in Spain, Portugal, Cyprus, Greece and Ireland are in good shape and that there will not be any surprises in European Central Bank stress tests due later in 2014.. "I expect that there won't be any big surprises in Spain, Portugal and Cyprus.
WASHINGTON, Feb 16- Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up.
The Obama administration made it easier on Friday for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging U.S. states that are experimenting with legalization of the drug.
WASHINGTON, Feb 14- The Obama administration made it easier on Friday for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging U.S. states that are experimenting with legalization of the drug. Washington state is expected to follow Colorado's lead.
NBC's Pete Williams reports the government has issued guidance for banks servicing legal marijuana businesses. CNBC's Jane Wells provides insight.
WASHINGTON, Feb 14- The Obama administration will allow banks to do business with licensed marijuana companies with a reduced fear of criminal prosecution if the banks meet a series of conditions, a U.S. Justice Department official said on Friday.
*Airbus Group says move will expand flexibility. PARIS, Feb 14- Airbus Group pressed ahead with post-Lehman plans to acquire its own banking licence on Friday, saying it would buy small German lender Salzburg Muenchen Bank AG to boost its financing options.