Tuesday , December 12 2017

Banking

China’s micro-lender assault threatens path to US listings

BEIJING - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan at a bank on July 22, 2005 in Beijing, China. The People's Bank of China, the central bank, announced on July 21 to scrap the yuan's decade-old peg to the U.S. dollar, and in stead phase in a flexible mechanism of the yuan exchange rates. The exchange rate of yuan vs U.S. dollar was announced at 8.11 vs 1 on July 22. (Photo by China Photos/Getty Images)

Bloomberg A new assault by Chinese authorities on the country’s cash micro-lenders threatens to stymie any new listings in New York, as regulators in Beijing escalate their campaign to reduce risks in China’s $40 trillion financial-services sector. According to the International Financial News, China plans to purge the country’s 157 ...

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Banks in Eastern Europe go from punching bags to growth leaders

Banks in Eastern Europe go from punching bags to growth leaders copy

Bloomberg Consumer spending is booming. Interest rates are bottoming out. Eastern Europe’s banking sector is on an upswing. After surviving the toxic mix of near-zero borrowing costs, harsh regulatory curbs and damage from foreign-currency mortgages, lenders are benefiting from economic expansion accelerating to the fastest in years across much of ...

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