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Top China dealmaker Henry Cai set to leave Deutsche Bank HONG KONG: Deutsche Bank's top China dealmaker Henry Cai is set to leave the bank at the end of the year, IFR reported on Thursday citing a source with knowledge of the move.Cai joined Deutsche in 2010 to run investment banking in China, and is currently executive chairman of corporate finance for Asia Pacific.Deutsche Bank declined to comment, while Cai himself could not immediately be reached for comment.Before Deutsche, Cai was a top China rainmaker at UBS AG, having earned his dealmaking reputation on some of China's earliest overseas listings while at Hong Kong investment bank Peregrine, subsequently BNP Paribas Peregrine.IFR is a Thomson Reuters publication.Copyright Reuters, 2014 ...

Report warns of big risks from banks' commodity assets NEW YORK: US regulators should tighten rules on bank ownership of physical commodity assets due to potential market manipulation and financial risk associated with the assets, a report said Wednesday.The report focuses on cases like Goldman Sachs's ownership of key aluminum storage assets that resulted in huge increases in delivery times for the metal at the same time bank was trading the commodity, according to the report by the Senate Permanent Subcommittee on Investigations.Another highlighted ...
India govt needs to infuse nearly $39bn in state-run banks by March 2019 MUMBAI: Indian government needs to infuse as much as 2.4 trillion rupees ($38.78 billion) into state-owned banks by end-March 2019 to meet different kinds of capital requirements including Basel III, provisioning for asset quality, and additional risks, said a central bank Deputy Governor S.S. Mundra.Banks should start looking for ways to generate more internal capital as the leeway to get additional funds from the government would be limited due to the ongoing fiscal consolidation process, ...
Spain's banks will need more capital, but have solid base: central bank MADRID: Spain's banks will need to keep raising capital to meet regulatory demands over the next few years but the country's lenders are starting from a solid base, Bank of Spain Governor Luis Maria Linde said on Wednesday."Our banks need more capital, and this will be an important matter in the next few years, but the starting point is good," Linde told legislators in the upper house of Parliament.Spain's banks are emerging from a crisis, ...
ANZ suspends 7 staff pending rate fixing probe by regulator SYDNEY: Australia and New Zealand Banking Group has suspended seven staff involved in markets trading pending a regulatory investigation over fixing of the benchmark interbank interest rates, the lender said on Wednesday. The investigation is part of a series of reviews by the Australian Securities and Investment Commission (ASIC) to uncover any misconduct in rate setting by banks. In a statement, Nigel Williams, chief risk officer of ANZ, said the bank was cooperating with the ...
Russia's VTB set to post 84pc drop in Q3 net profit MOSCOW: Russia's second-largest bank VTB is expected to report an 84 percent drop in third-quarter year-on-year net profit, hurt by higher provisions for bad loans, losses linked to the Ukraine crisis and a weaker rouble, analysts said.VTB's third-quarter net profit, to be reported on Thursday, is expected to reach 3 billion roubles ($64 million), according to the average forecast in a Reuters poll of 10 analysts, down from 18.4 billion in the same period of ...
BoJ keeps economic outlook despite Japan sinking into recession TOKYO: The Bank of Japan on Wednesday kept its view that Japan's economy was recovering, despite GDP data that showed the country had slipped into recession.Wrapping up a two-day policy meeting, the central bank kept its policy unchanged -- after expanding the already huge stimulus package last month -- as investors eye a press briefing later Wednesday by BoJ governor Haruhiko Kuroda.Markets want to see what Kuroda will say about the government's decision to delay ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln