NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
Sep 26, 2021
Bloomberg News
,(Bloomberg) -- DBS Group Holdings Ltd. has no exposure to debt-laden China Evergrande Group and doesn’t see the crisis that’s enveloping the Chinese developer as a systemic risk to the region’s banking industry, its chief executive officer said Monday.
“I don’t think a lot of Asian banks have a lot of exposure,” Piyush Gupta said in an interview with Bloomberg Television. “I don’t think it’s going to destroy the Asian banking industry.” China’s domestic banks hold a lot of the exposure, he said.
Global financial markets are bracing for a potential collapse of Evergrande, which is buckling under more than $300 billion in liabilities. The company is China’s largest issuer of high-yield dollar-denominated bonds, and bills are coming due to an array of banks and suppliers.
While Singapore banks are not Evergrande’s principal bankers, broader or systemic China concerns may hit their shares, Citigroup Inc. analysts led by Robert Kong said in a note on Sept. 23.
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