JPMorgan Chase in talks to launch digital bank in UK
Move could shake up retail banking market as Brexit spurs others to shift operations
作者: bankr
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JPMorgan Chase in talks to launch digital bank in UK
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Buffett stands by strategy of pouring cash into stocks
Buffett stands by strategy of pouring cash into stocks
Annual letter to shareholders says chances of finding quality companies still ‘rare’ -
Investment banking revenues fall to lowest since 2008
Investment banking revenues fall to lowest since 2008
Industry data also show increasing job cuts as lenders bulk up in other areas instead -
Wells Fargo to pay $3bn for fake-accounts scandal
Wells Fargo to pay $3bn for fake-accounts scandal
Authorities say fourth-largest US bank suffered from ‘complete failure of leadership’ -
周三日圆兑美元大跌至九个月低位,交叉盘也遭遇大量抛售。交易员及分析师称,这表明大型投资组合在纷纷逃离日圆市场
周三日圆兑美元大跌至九个月低位,交叉盘也遭遇大量抛售。交易员及分析师称,这表明大型投资组合在纷纷逃离日圆市场。
这与长期以来的假设背道而驰,即日本的基金将在真正的全球危机期间将资金汇回国内,从而推高日圆。
“我们可以在金价看到对病毒疫情任何潜在担忧的变化…而在日圆却看不到同样的走势,”法国巴黎银行财富管理驻新加坡的亚洲外汇主管Shafali Sachdev称。
“在当前形势下,日本毗邻中国以及对中国的依赖对日圆避险地位毫无帮助,”她表示,并称病毒疫情对日本造成的风险以及近期疲弱的经济数据都加剧了人们的担忧。
分析师迅速将日圆走势与大型投资组合出脱日圆资产联系起来–最有可能的是日本庞大的政府养老基金–受围绕日本经济和疫情蔓延的担忧影响。
新冠疫情在中国爆发,但迅速扩散,钻石公主号邮轮疫情导致日本的病例数超过中国以外地区全部确诊病例的一半。
已经有人担心,疫情会为东京奥运会投下阴影。奥运会将于7月底举行,可望提振日本经济和国民士气。
可如果疫情在日本民众中蔓延,其影响几乎肯定足以将这个全球第三大经济体拖入衰退。日本经济在第四季意外大幅萎缩。
日本投资者在2月前两周净买入约3万亿日圆(270亿美元)外国债券,似乎也凸显出他们对国内投资缺乏信心。
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For Thailand’s oldest banking family, it’s a legacy-defining deal 25 years in the making
For Thailand’s oldest banking family, it’s a legacy-defining deal 25 years in the making. That’s how long Chartsiri Sophonpanich has been waiting to turn Bangkok Bank into a key regional player in Southeast Asia.
His winning takeover bid for Indonesia’s PT Bank Permata in December is a US$2.7 billion bet that now is the time to jettison decades of caution and secure his family’s legacy for a fourth generation.
It’s an uncharacteristically bold move – some analysts say risky – for the 60-year-old banker whose early ambitions were laid low by the Asian financial crisis. But after years of lagging behind rivals by playing it safe, the Permata acquisition could be Chartsiri’s last big chance to revitalise the US$9 billion lender that enjoyed breakneck growth under both his father and grandfather.
“Where there is danger, there is gain,” said Piti Sithi-Amnuai, the Thai lender’s 87-year-old chairman, who has worked at the bank for more than half a century, overlapping with Chartsiri’s grandfather Chin and father Chatri. “Chartsiri’s legacy is to grow Bangkok Bank even greater than his grandfather. I believe that is his aim, his goal.”
Chin Sophonpanich founded Bangkok Bank in 1944, when he branched out from selling construction materials and canned goods. He went on to become one of the region’s most prominent bankers, financing the empire-building of ethnic Chinese tycoons in Southeast Asia including Malaysia’s richest man Robert Kuok. -
HSBC narrows external search for chief to UniCredit boss
HSBC narrows external search for chief to UniCredit boss
Jean Pierre Mustier has emerged as leading rival to interim boss Noel Quinn -
T-Mobile and Sprint close to agreement on new deal terms
T-Mobile and Sprint close to agreement on new deal terms
Renegotiation follows weak performance of Sprint’s business since original approach in 2018 -
Morgan Stanley agrees $13bn deal to buy ETrade
Morgan Stanley agrees $13bn deal to buy ETrade
Online trading platform purchase intensifies battle over US wealth management market -
A recent stress test by China’s central bank showed 17 of 30 local banks would fail to meet their capital adequacy ratio if growth slowed to 4.15 per cent
China’s banking system will be seriously tested by the fallout from the coronavirus outbreak, which could derail growth and trigger a spike in bad debt if banks are told to lend to virus-hit sectors of the economy, analysts said.
The virus outbreak, which has killed more than 2,000 people and infected more than 74,000, is expected to cut China’s gross domestic production (GDP) growth by 1-2 percentage points in 2020 and drag it down to 3 per cent or lower in the first quarter. Many analysts say the economic toll will be greater than that of the severe acute respiratory syndrome (Sars) epidemic in 2002-2003.
A recent stress test conducted by China’s central bank showed that nine of 30 local banks would fail to meet their capital adequacy ratio if growth slipped to 5.3 per cent, and 17 of them would fail if it slowed to 4.15 per cent.
As the coronavirus outbreak continues, growth as low as 5 per cent is turning into a reality and many analysts believe China may be forced to slow its two-year-old campaign to curb debt in the financial system if it wants to boost the economy.