banking sector

Non-performing assets rise by more than 50%, Chinese banks write-off $466.6 billion in 2020

By admin1 on January 22, 2021 • ( 0 )

On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›

Creditors should negotiate, restructure debt or face disorderly default: Lebanon’s Finance Minister

By admin1 on March 10, 2020 • ( 0 )

In a report, Lebanon’s broadcaster LBC quoted the country’s Finance Minister Ghazi Wazni as saying Lebanon will resort to a disorderly default if creditors are not prepared to negotiate; he went on to add, investors will find it difficult to… Read More ›

Credit Suisse’s CEO took home $12.74 million as pay package for 2018

By admin1 on March 22, 2019 • ( 0 )

The 30% hike is reflective of Tidjane Thiam’s stewardship of the bank and was contingent on meeting a number of targets. On Friday, Credit Suisse’s annual report showed, that it has awarded its Chief Executive Tidjane Thiam a compensation of… Read More ›

European Banks need to defend their interest more vigorously against U.S. rivals: Deutsche Bank chairman

By admin1 on January 2, 2017 • ( 0 )

While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›