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The Daily Capital Markets Digest
(Reuters) Hit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than US$100bn to shore them up, according to some analysts.
India’s 10-year benchmark yield rose by 4bp to 7.14% on Monday morning following the appointment of Urjit Patel as Reserve Bank of India governor over the weekend.
Buried near the end of the Reserve Bank of India governor’s opening statement at Tuesday’s post-policy press conference was a line that caught my attention.
(Reuters) DBS Group Holdings, Singapore’s biggest bank, made two loans to oilfield services firm Swiber Holdings totalling US$146m weeks before the company filed for liquidation, according to court documents seen by Reuters.
It was fun while it lasted: the easy money from Twitter sentiment trading appears to have been already gathered.
The great stock buyback boom may be on the wane, undermined by falling company earnings.
CONSIDER THE FOLLOWING. Stream 1: Monetary policy actions that achieve the square root of zero, which deprive savers and pensioners of income, have no discernible impact on companies’ preparedness to borrow in order to invest in the real economy, on banks preparedness to lend or for that matter on consumers’ preparedness to engage in conspicuous consumption and which consequently conspire to kill off growth drivers.
Are G-SIBs doing enough to promote and support gender diversity in their senior executive ranks? On the evidence of the EBA’s recent survey and my own analysis of the most senior management bodies of US and European G-SIBs, clearly not.
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