Chinese banks top lenders to shipping
With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways to...
South Korea’s Banks Dodge Daewoo Shipbuilding Financial Missile
Investors should be relieved. The world’s biggest shipbuilder can now avert a bankruptcy whose costs were sure to be damaging to the entire South Korean economy and financial system.
ECB calls for national bad banks to soak up unpaid loans
The European Central Bank’s Vice President called on Friday for the creation of government-backed bad banks to help buy some of the 1 trillion euros in unpaid loans that have weighed on euro zone banks since the financial crisis.
Two Banks Deny Support to Marenave Schiffahrts
Two financing banks have notified the German-based shipping trust Marenave Schiffahrts that its restructuring concept, which has been negotiated so far, will not be supported.
Banks Still Aiming for Full EU Single Market Access Post-Brexit
The City of London has not abandoned hope of maintaining full access to the European Union’s single market after Brexit, according to an industry lobby group.
China encourages privately-owned banks, allows more foreign participation
China’s banking regulator said that it will permit the establishment of more privately-owned banks and allow foreign investors to participate in the reform process to help shore up the state-dominated financial sector. ...
China Cuts Banks’ Reserve Ratio
China’s central bank reduced the amount of reserves commercial banks are required to hold, freeing up about $200 billion for lending in...