China's banking sector saw its bad loan ratio rise to 1.87% at end-September versus 1.86% three months earlier as the impact of the COVID-19 pandemic lingered, the sector's regulator said on Thursday.
By Reuters Staff
(Updates with details, background)
FRANKFURT, Jan 19 (Reuters) - Some individual banks that were very weak before the coronavirus pandemic may not survive the crisis, the head of Germany’s financial watchdog said on Tuesday.
Felix Hufeld, president of BaFin, said that on the whole Germany’s banking industry was nevertheless relatively healthy.
“The sector may be robust, but that doesn’t mean that all banks are,” Hufeld said in emailed remarks to bring in the New Year.
The profitability of the nation’s banks has been low since the 2009 financial crisis as stiff competition, a saturated market and low interest rates have eroded margins.
By Reuters Staff
(Adds details on credit plan, quote from central bank governor)
MEXICO CITY, Feb 8 (Reuters) - Mexico’s central bank will begin offering credit to banks that have trouble placing cash dollars, it said in a statement on Monday, in a move that may spell the end of the controversial new central bank law.
The new mechanism by the central bank is nominally aimed at helping banks repatriate U.S. dollars from migrants and tourists, though it may also act as a compromise for the central bank bill going through Congress.
The new bill approved by the Senate last year was met with strong resistance from the central bank, which warned the ruling National Regeneration Movement (MORENA) that it could force the Bank of Mexico to absorb the proceeds of organized crime.
(Updates with context about fines)
MEXICO CITY, Jan 25 (Reuters) - Mexico’s antitrust watchdog Cofece said on Monday that it has imposed fines totaling 35 million pesos ($1.75 million) on seven international banks and traders for market manipulation and collusion in the government bond market about a decade ago.
Cofece said Barclays, Deutsche Bank, Santander, Banamex, Bank of America, BBVA Bancomer and JP Morgan as well as 11 traders agreed on 142 instances either to sell or buy bonds at a certain price or to not trade them at all.
These agreements “had a direct impact on the price of the related instruments” it said in a statement.
Some individual banks that were very weak before the coronavirus pandemic may not survive the crisis, the head of Germany's financial watchdog said on Tuesday.