News

Top Chinese banks flunk government audit

Two Big Four banks cited for improper financial management.

Bank loans fall 33% in April

Money supply rises 16.1%, however.

Big Four stop doing business with North Korean bank

Increases pressure on North Korea to abandon nuclear power program.

Standard Chartered records slowest revenue growth in 10 years

Guess where the 5% drag on Group revenues came from?

China enters into currency swap arrangement with Pakistan

Was implemented May 7 after issuance of necessary instructions to banks.

Aussie banks urged to improve funding to meet Basel III requirements

They're expected to lengthen their wholesale funding.

BoCom to allow conversion of Aussie dollar into renminbi

Conversion to begin in 2014 as part of the renminbi’s internationalization.

China gets tougher on renminbi speculation

New rules immediately cause renmnbi to fall against the US dollar.