Capital firms that offer a diverse range of credit financing services are facing increased pressure to set aside reserves following recent directives from financial authorities urging the financial institutions to be fully prepared for a potential real estate project financing (PF) crisis. The increased sizes of loan-loss reserves could translate into deteriorating profitability.
Shinhan Financial Group has slimmed down its holding company s structure, while retaining all of the CEOs of its subsidiaries in the latest round of staff assignments. The lender said the year-end executive appointments announced on Tuesday reflect a strategy of proactively enhancing efficiency and productivity in response to an anticipated economic downturn next year.
A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.