Chinese Economy Unlikely to Grow 8%
Gerard Lyons, chief economist and group head of global research at Standard Chartered, says China's stimulus efforts will work, but it is unlikely the economy will grow 8% this year.
Stress Testing Banks
The government's stress tests for U.S. financial institutions will help to differentiate the strong from the weak, and will give some certainty as to which financials will likely survive, says Kent Shepherd, portfolio manager at Franklin Templeton Investments.
Don't Rule Out Financials
Citigroup's share price plunged below $1 for the first time on Thursday. Kent Shepherd, portfolio manager at Franklin Templeton Investments, says to have limited exposure in big financials is a tactical move, as conditions for these powerful institutions may improve in the event of some new government policies.
Banks to Brace for Steep Revenue Falls
Banks which operate in Asia may see steep revenue declines going into this year as the region enters a sharp slowdown, warns David Marshall, MD of financial institutions at Fitch Ratings.
Capital Position of Asian Banks
The capital position of most Asian banks remain strong. But David Marshall, MD of financial institutions at Fitch Ratings is concerned about banks in South Korea, Japan and Taiwan.
Islamic Banking Largely Unaffected by Crisis
The impact of the global financial crisis on Islamic finance is far less as compared to conventional finance, notes Khaled Al-Aboodi, CEO & GM of ICD.
Jobs Data Won’t Make a Difference
“The macro-economic data is going to be horrible, so whatever comes out this afternoon … I don’t think it does make a difference. In terms of the markets, I think the markets have got the chance and the opportunity to do much better than the economy in the next few months,” Marino Valensise, CIO Barings, told CNBC.