Financial Industry 06 (Jun 16 - Jun 18)

Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Feb 25, 2017 1:34 pm

Big banks racked up US$6.4b in Atm and Overdraft fees

Source: Daily Crux

http://thecrux.com/big-banks-rack-up-6- ... raft-fees/
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Fri Mar 03, 2017 7:02 am

China

China banks have total assets of 232 trillion yuan.

At end-2016, non-performing loans of commercial banks stood at 1.51 trillion yuan, the highest since 2005.

Mortgage lending accounted for about a quarter of credit and about half of new loans in 2016.

China's debt-to- GDP ratio rose to 277 percent at end- 2016 from 254 percent a year earlier.

The Bank for International Settlements has warned that China banks face a crisis in three years.

If its forecast materializes, the housing bubble might burst.

Source: Dr Check, The Standard
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Mon Mar 13, 2017 1:45 pm

Hang Seng Rises As Goldman Goes Bullish On China’s Banks

By Shuli Ren

Chinese banks are going to earn their way out of trouble. “We believe the recovery in corporate earnings and banks’ better loan mixes should feed into improving asset quality. These factors, combined with rate hikes and solid loan demand, will generate a 20bps (for the Big 4) expansion in NIMs and 35% NPAT growth over the next three years”


Chinese banks are trading at only 2.9 times pre-provision operating profit, a common metric used for banks, near the bottom of the global peers. Even Japanese banks trade at above 6 times.

But Goldman thinks Chinese banks’ asset quality is improving. Non-performing loan ratios seem to be stabilizing – in the fourth quarter, NPL ratios fell 2 basis points.


Chinese companies hoard a lot of cash. “We estimate that Rmb24tn of their Rmb58tn cash/financial assets is excess cash — which can therefore be used to reduce debt and support their ability to cover loans”


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... nas-banks/
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Mon Mar 20, 2017 4:56 pm

Singapore's Looming Debt Wall

by Denise Wee

Firms must repay S$38 billion of local bonds by end of 2020
Ongoing distress could lead to ‘futher defaults’: Alvarez

Companies excluding banks in Singapore must repay S$38 billion ($27 billion) of local bonds through the end of 2020,


Six firms have defaulted on S$1.2 billion worth of notes since November 2015.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... yptr=yahoo
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Wed Mar 22, 2017 6:41 am

Why Bank Stocks are Getting Crushed

By Ben Levisohn

The 10-year yield has been in free fall ever since the Federal Reserve took a less hawkish stance than many had predicted heading into the meeting.


Source: Barron's

http://blogs.barrons.com/stockstowatcht ... yptr=yahoo
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Fri Mar 24, 2017 5:29 am

Why Bank Stocks May Plunge Further (JPM, C)

By Charles Bovaird

The broader sector is coping with weak lending and a drop in revenue last year.


The stocks of larger companies have enjoyed huge increases, so they are more vulnerable,


Should President Donald Trump and the new Congress fail to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act, bank stocks could face additional headwinds


Source: Investopedia

http://www.investopedia.com/news/why-ba ... yptr=yahoo
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Apr 08, 2017 10:04 pm

by behappyalways:-

China's Banks Are Still in Trouble

Source: Bloomberg

There's little sign of deleveraging. Those banks increased total loans by 10.2 percent in 2016, to $12 trillion.

That means lending is still growing much faster than gross domestic product.

More worrying, shadow-banking assets -- such as wealth-management products -- increased by 15 percent, significantly faster than loan growth.


Non-performing loan ratios fell slightly at two of the big four banks and showed slower growth at the other two.

But even that meager progress resulted partly because banks -- with the government's encouragement -- set up special-purpose vehicles dedicated to raising capital, including by issuing securitized bonds to buy up bad loans from their parent corporations.


Making matters worse, the banks are setting aside less capital to cover bad loans.

Capital reserves to cover NPLs grew at only 5.4 percent for the big four, and most of that was driven by Bank of China Ltd., the best-run and most prudent of the bunch.

Excluding Bank of China, reserves grew by only 2.6 percent, well slower than growth in traditional loans and 82 percent slower than growth in the most risky type of loans in wealth-management products.


https://www.bloomberg.com/view/articles ... in-trouble
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Wed Apr 12, 2017 8:29 am

China: Shadow Banking

The China Banking Regulatory Commission instructed lenders to conduct "self-inspections" in areas, marked by loopholes used to circumvent rules. The move was aimed at boosting supervision of the vast shadow banking sector.

The move is the latest in its bid to contain risks in the banking system, as more borrowers struggle to avoid defaults and levels of non-performing loans rise.

The agency wants to better understand the amount of leverage in the banking system and prevent lenders from hiding the true extent of soured debt, three sources said.

The CBRC could not be immediately reached for comment.

An attachment to a document dated March 28, that was circulated to lenders, specifies subjects for self inspections.

It asks lenders to check whether asset management plans have been [b]used to avoid reporting the extent of non- performing loans[/b] in order to meet targets, and whether bridge financing and short- term loans have been made to hide defaults and artificially adjust other indicators.

Source: The Standard
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Tue Apr 25, 2017 7:56 am

China: Credit risks pose concern for China banks

by Carrie Chen

The five state-owned banks which are to announce first-quarter results later this week, are expected to post net profit growth of 1.5 to 3.9 percent for the first three months, led by Agricultural Bank of China (1288) and China Construction Bank (0939), according to Jefferies Group.

Meanwhile, the annual net profits of 27 listed Chinese lenders are forecast to climb an average of 3.2 percent in 2016 from a year earlier, but they still face challenges, according to a PricewaterhouseCoopers' report.

Though the net profit growth was seen among the five state-owned banks, last year's pre-tax profit of three of them - CCB, AgBank and Bank of China (3988) - fell 1.1 percent, 1.83 percent, and 3.96 percent, respectively, the PwC report showed.

"Non-performing loan ratios increased across the board to an average of 1.67 percent at end 2016, up from 1.61 percent the previous year," the report said, with the total NPL balance for the 27 listed banks rising 16.8 percent to reach 1.15 trillion yuan (HK$1.3 trillion).

"Banks sought to tackle their NPL balances through a variety of methods in 2016," said PwC financial services partner Raymond Poon Tak-cheong.

"These included restructuring, write- offs and transfers. The banks are clearly intent on getting credit risk under control."

Source: The Standard
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Tue Apr 25, 2017 9:16 pm

Canadian banks: These 5 Stocks Offer Tremendous Upside Potential and Pay Hefty Dividends

By David Goodboy

Source: Street Authority

http://dailytradealert.com/2017/04/25/t ... dividends/
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