(Bloomberg) — Several large Chinese banks are restricting credit to China Evergrande Group amid mounting concerns about the developer’s financial health, according to people familiar with the matter. Three banks with a combined 46 billion yuan ($7.1 billion) of credit exposure to Evergrande as of June 2020 have decided in recent months not to...
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Read MoreFraming a secure future is the greatest gift one can give someone. It is Father’s Day today. And what better gift can one think of, than curating a financial life plan for father that could serve him even when the child is not around, and provide him with the financial security and stability he...
Read MoreThis content was published on June 18, 2021 – 09:00 Credit Suisse’s disastrous Greensill and Archegos investments have highlighted the destructive side of banking. Regulators and politicians are asking what the Swiss bank did wrong and what can be done to protect investors from future risk-assessment failures. Matthew Allen June 18, 2021 – 09:00...
Read MoreCredit Suisse chairman, António Horta-Osório, is warning of a “tough period” ahead for the bank. Keystone / Andy Rain Credit Suisse’s disastrous Greensill and Archegos investments have highlighted the destructive side of banking. Regulators and politicians are asking what the Swiss bank did wrong and what can be done to protect investors from future...
Read MoreThe writer is senior adviser to the chief executive of UBS and was previously a senior adviser to former Bank of England governor Mark Carney The world’s central banks are going green. At a recent “Green Swan” conference for regulators, the world’s top central bankers agreed they had a clear role to play in...
Read MoreWhat impact has the Covid-19 pandemic had on poverty? Nicolas Duvoux presents findings from a major report on the impact of the virus in France. He writes that there is clear evidence the pandemic has accelerated levels of inequality in the country. In January, French Prime Minister Jean Castex commissioned a report on the...
Read MoreBy Oliver Pahnecke, PhD candidate, Middlesex University, London and Juan Pablo Bohoslavsky, Former (2014-2020) United Nations Independent Expert on Debt and Human Rights Risky borrowers pay more for the same loans than low-risk clients due to risk-weighted interest rates that are based on the absence or quality of collateral. This approach...
Read MoreSAN DIEGO—The pandemic has forced organizations to make massive operational changes that have impacted the balance sheet, scattered the CRE workforce and exposed the industry to new levels of risk. Panelists at the NMHC annual meeting here in San Diego dug into how companies are addressing these new challenges. According to moderator David Schwartz,...
Read MoreDALLAS — A recent study into what’s on people’s bucket lists post pandemic shows more Americans want to start their own business. A survey conducted by the company Fenetic Wellbeing looked at more than 100 bucket-list ideas and the comparison of search terms made online from March 2020 to March 2021. The search volume for “start a business” increased by 50%. At the...
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