Report: HSBC considers merging commercial and investment banks to reduce costs.

Some executives believe that the merger can enable HSBC to reduce some duplicate backend positions and reduce expenses. After the merger, the department will become HSBC's largest source of revenue, contributing approximately $40 billion to the company annually.

wallstreetcnSep 9 09:40 ET

Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.

Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.

wallstreetcnSep 9 08:25 ET

Power Solutions International Closes Credit Agreement With Standard Chartered

Seeking AlphaSep 6 09:14 ET

Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general

In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.

cls.cnSep 6 05:31 ET

At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.

In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.

cls.cnSep 5 08:53 ET

HSBC Downgrades Azul to Hold, Announces $2.7 Price Target

BenzingaSep 5 05:47 ET · Ratings