Latest News for: Bank assets

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Central bank to expand cross-border investment, strengthen yuan

China Daily 20 Sep 2021
The People's Bank of ... By the end of June, RMB-denominated financial assets, including onshore stocks, bonds, loans and deposits, held by foreign entities increased to 10.2 trillion yuan ($1.59 trillion), up 42.8 percent from a year earlier, the central bank disclosed in the report.
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Private companies to withdraw USD 25,000 a month

Beijing News 20 Sep 2021
Moreover, the International Monetary Fund and World Bank have also stoped loans, and the Financial Action Task Force warned its 39 member nations to block Taliban assets ... Reports of freezing of Afghanistan's bank assets by the US as well as the announced halt of funds by the international agencies have fueled concerns among Afghans.
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Opinion: As Policies Shift, How do Foreign Investors View Chinese Assets?

Caixin Online 20 Sep 2021
The rise in yuan internationalization is driven by China’s insistence on opening-up and its integration into the global system, by central banks’ demand for asset diversification, and by certain geopolitical factors, such as the sell-off of dollar holdings and the increase in yuan holdings by Russia’s National Wealth Fund.
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Deutsche Bank Aktiengesellschaft (DB)

The Salamanca Press 20 Sep 2021
authorities are investigating Deutsche Bank AG's asset-management arm, DWS Group, after the firm's former head of sustainability said it overstated how much it used sustainable investing criteria to manage its assets" and that "[t]he probes, by the Securities and Exchange Commission and federal prosecutors, are in early stages[.]"�.
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Explainer: Why electronic bank fraud should matter to you

Business Day Online 20 Sep 2021
Less down ten years ago, banking fraud was the preserve of minor criminals attempting to steal fairly small amounts of money ... How to protect yourself from rising e-banking fraud ... There is a rising need for banks to ensure a balance between operational efficiency and the protection of one of its most valuable assets, its financial assets.
photo: WN / James
us dollar
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Dollar creeps higher as Fed's taper looms

The Times of India 20 Sep 2021
The week brings central banks in ... Among the other major central banks the Bank of England is expected to leave policy settings unchanged, but traders see potential for gains in the currency if the bank adopts a hawkish tone or more members being calling for asset purchase tapering.
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Kotak Mahindra Bank to acquire 9.9% stake in KFin Technologies

Live Mint 20 Sep 2021
Dipak Gupta, joint managing director, Kotak Mahindra Bank said, “As a platform of choice for asset managers, investors and corporates, we believe KFin is well-positioned to continue growing its market position...We are excited about the future growth prospects of the business and ...
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Cover Story: How Evergrande Could Turn Into ‘China’s Lehman Brothers’

Caixin Online 20 Sep 2021
In addition to borrowing from banks, Evergrande also borrows from executives and employees. When developers seek funds from banks, lenders often require personal investments from the developers’ executives as a risk-control measure, a former employee at Evergrande’s asset management department told Caixin ... Selling assets, but not land.
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Safety flows extend dollar rally ahead of Fed

Metro USA 20 Sep 2021
Among the other major central banks, the Bank of England is expected to leave policy settings unchanged, but traders see potential for gains in the pound if the bank adopts a hawkish tone or more members call for asset purchase tapering ... the first G10 central bank to lift rates.
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Tapering Sentiments Boost U.S Dollar To A Month High

FX Empire 20 Sep 2021
With the exception of the Bank of England, other major central banks are expected to leave policy settings unchanged, but traders see potential gains in the currency if the central bank adopts a more hawkish tone or more members call for a tapering of asset purchases.
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Dollar creeps higher as Fed’s taper looms

Metro USA 20 Sep 2021
The week brings central banks in ... Among the other major central banks the Bank of England is expected to leave policy settings unchanged, but traders see potential for gains in the currency if the bank adopts a hawkish tone or more members being calling for asset purchase tapering.
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Evergrande's lenders weigh up loan losses, rolling over credit: Sources

Straits Times 20 Sep 2021
BEIJING (REUTERS) - One of China Evergrande Group's main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters ... Agricultural Bank of China (AgBank), the country's No.
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Development Bank of Southern Africa remains strongly capitalised

Independent online (SA) 20 Sep 2021
The bank said in ... The bank’s total debt funding decreased to R59bn as at March 31, 2021, from R61bn as at March 31, 2020 ... The bank’s total asset base remained at the R100bn level, despite loan repayments of R19bn, offset by R5bn in currency movements and new disbursements R13.5bn.
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China Evergrande’s lenders weigh up loan losses, rolling over credit – sources

Metro USA 20 Sep 2021
Agricultural Bank of China (AgBank), the country’s No.3 lender by assets, has made some loan loss provisions for part of its exposure to Evergrande, one of the executives said, without giving details ... It is possible the government may step in to manage an orderly collapse of Evergrande, said two banking sources familiar with the matter.
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Dow Jones, the S&P 500, and Nasdaq weakened amid concerns around tax hikes and possible ...

Invezz 20 Sep 2021
Federal Reserve’s timeline for tapering asset purchases ... Another negative news is that some Fed officials warned it is nearly time for the central bank to begin pulling back on its monetary support, including the tapering of its asset purchases.
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