APAC MONDAY BRIEF

The G30 group of experts, led by Barack Obama’s advisor Paul Volcker, has published 18 proposals for a financial system overhaul.

While Citi will split in two, Bank of America will receive $138 billion to prevent it from turning its back on a moribund Merrill Lynch; the UK Treasury is working on a new bailout package.

African Union leaders are discussing the creation of the African Investment Bank, hoping to launch the long-delayed project by year-end with $25 billion in capital.

The Iranian government will reportedly open a branch of Export Promotion Bank in Karachi this year and seek closer ties with the State Bank of Pakistan.

The CEOs of Mizuho’s financial group, corporate bank and retail bank will be replaced April 1st, but their newly-created chairmanships will make Mizuho one of Japan’s most top-heavy groups.

CBRC chairman Liu Mingkang has told listed state-owned banks and joint-stock commercial banks in China to increase their NPL coverage ratios to 130% and 150% respectively.

Taiwan’s government upped its stake in Chang Hwa Commercial Bank to 19.9% to prevent Taishin, under corruption investigations, from adding to its 22.5% share.

The Bank of Thailand is backing a government proposal to support mortgage lending via a new loan guarantee company.

National Housing Bank, a wholly-owned subsidiary of the Reserve Bank of India, has finally turned to retail deposits in order to diversify from wholesale funding.

Morgan Stanley Australia is reportedly hoping that control of Citi’s local brokerage can help it steal investment banking business from local banks

Comments

Post a Comment

Popular posts from this blog

Fraud Prevention-Line or support function

Fraud prevention is often treated as a cost centre rather than a strategic business unit.what can anti fraud professionals do to change the perception.i truly believe that if collections can be treated as a line function then Fraud prevention cell too should be treated as a line function rather then a support function.I feel that this unit is always treated as a supprt unit due to which it doesn't get it's dues.I feel that if goal sheet for the unit is revised to show more of tangible results then it may help in changing the perception.At the same time repositioning is required to move potential savings to actual savings.one step could be to conduct fraud checks at the end of all process so that true savings can be shown.for eg post credit sampling would highlight cases with ctaual savings as all these are approved cases.would like to hear other thoughs about this
Read more

How to Defend Your Online Reputation: Five Tips

How to Defend Your Online Reputation: Five Tips – Dan Tynan, PC World 2008 It's not what other people think of you that matters. It's what they can find out about you on the Web that will affect your ability to get a job or promotion, rent an apartment, buy a house, be accepted into the school of your choice, or find the love of your life. MORE ON REPUTATION MANAGEMENT Managing Your Reputation Online Increasingly, your personal reputation is at the mercy of search engines, blogs, and social networks, none of which themselves have a sterling reputation for accuracy. Identity theft, libel, defamation, mistaken identity, and youthful indiscretions captured forever—these are just a few of the things that can come back to bite you. Fortunately there are ways to fight back—five ways, in fact. And it all starts with discovering the depth and breadth of your personal Net footprint. 1. Google Yourself It's not enough to have the respect and admiration of your family and your peers...
Read more