为了培养看新闻的“爱好”。希望能坚持定期 总结归纳/转载 自己觉得有意思的GARP(the Global Association of Risk PRofessionals) 的Risk news& resources. 希望与大家共同学习讨论啦:) 一般与中国相关的我都会感兴趣啦。
BofA expects $1.8 billion gain from Chinese stake
Nov 14, 2011

Bank of America Corp. has agreed to sell most of its remaining shares in china Construction Bank Corp., the bank said Monday.

The Charlotte-based lender, the nation's second largest by assets, said it will sell 10.4 billion common shares through private transactions with a group of investors - a deal expected to yield an after - tax gain of about $1.8 billion.

The sale will leave Bank of America with a 1 percent stake in CCB, one of China's biggest banks. It's part of Chief executive Brian Moynihan's ongoing strategy to shed noncore assets to improve efficiency and boost capital in the face of new international standards.

Analysts said the latest sale isn't surprising, given the continued pressure to raise capital, the recent decline in Chinese bank valuations and the fact that CCB isn't an essential asset.

Gary Townsend of Hill-Townsend Capital LLC, a Maryland firm that invests in banks. "It's not a core market for them whatsoever. It gives them a toe-hold in China, but their focus has to be on the U.S. market and wealth management."

Still, the sale of a profitable asset also reflects the stress the bank remains under: "If there were no pressure, they would be more inclined to hold onto it," Townsend said.

The sale of most of Bank of america's remaining CCB shares will generate about $2.9 billion in so-called Tier 1 common capital. The rest of the bank's shares are under sales restrictions until August 2013.

News from: http://www.garp.org/risk-news-and-resources/risk-headlines/story.aspx?newsid=37816


IMF warns China's banks face growing risks
15 Nov 2011

The IMF warned Tuesday that China's banks face growing risks that might hamper growth, adding to concern about the world's second largest economy amid Europe's debt crisis.

The IMF's comments add to warnings by industry analysts that state-owned banks face a possible rise in bad loans and other problems after a lending boom that helped China rebound quickly from the 2008 global crisis.

China's economy expanded by 9.1 percent in the quarter ending in September but growth is forecst to slow as exports weaken due to a slump in U.S. and European demand and a boom in real estate prices cools.

"Despite onging reform and financial strength, China confronts a steady buildup of financial sector vulnerabilities," the IMF said in a report based on stress tests of China's 17 biggest state-owned lenders that it conducted with Chinese regulators.

Beijing could reduce its banking risks by making the industry more market-oriented and reducing the government's dominant role in making lending decisions, the IMF said.

China's banks are seen as among the world's strongest after they avoided the credit problems that battered Western institutions. But industry analysts say they face a possible rise in bad loans due to heavy lending during the crisis.

China's banks could face risks if real estate prices fall sharply or unpaid loans increase due to crisis-related lending, the IF said. It said other dangers could arise from growing imbalances in a Chinese economy that relies heavily on exports and investment to drive growth despite government efforts to boost domestic consumption.

An inflexible regulatory system and government dominance in deciding who gets loans "could impair the needed reorientation of the financial system to support China's future growth," it said.

The IMF said Chinese leaders also should reduce their use of banks to carry out economic plans and instead pay for initiatives out of the government budget.

The agency also recommended further development of financial markets to make credit more abailable to entrepreneurs and for regulators to improve their ability to monitor banks and spot problems.

Such changes "will make an important contribution to sustaining China's growth," the IMF said.

The IMF said its ability to assess the full extent of risks was hampered by incomplete data, lack of a sufficiently long financial record and lack of access to confidential data.


News from: http://www.garp.org/risk-news-and-resources/risk-headlines/story.aspx?newsid=37815

哈今天先这么多啦~