Chinese securities regulator's recent comments that it was looking into allowing commercial banks to apply for securities brokerage licenses indicate the further slackening of barriers for financial services.
The U.S. Federal Reserve on Wednesday rejected the capital plans of two large banks, the American units of the Deutsche Bank and Banco Santander, due to their "qualitative" deficiencies including ability to model losses and identify risks.
All 31 U.S. largest banks passed a 5 percent minimum hurdle for top-tier capital in an annual stress test by the Federal Reserve, the central bank said on Thursday.
Moody's said in a report on Monday that overall credit profile of Chinese banks would be largely stable over the next 12 to 18 months.
China's central bank on Saturday issued a circular on adjusting rules for calculating deposits, which will increase the base of fund available for lending at commercial banks, according to web portal Sina.com.
China's banking watchdog issued a notice encouraging more private funds toward rural credit cooperatives (RCC) on Monday amid reforms.
China is undergoing one of the boldest financial reforms so far this year following the central bank's publishing of draft rules on a deposit insurance system.
The establishment of a deposit insurance system will speed up China's bank reform through raising banks' competitiveness and promoting a fair financial environment, analysts said.
China's asymmetric interest rate cuts are set to add difficulties to its commercial banks, which are already facing less profit, increased bad loans and pressures on asset quality, analysts warned.
With continued pressure on the Chinese economy, China's State Council pledged a list of measures to ease financing burdens for companies on Wednesday.
The 13th Osaka Business Networking Club Networking Event was held in the city of Osaka Thursday, with Chinese banks participating and promoting RMB business to dozens of Japanese enterprises.
The Moody's Investors service, a credit rating agency downgraded on Tuesday credit ratings for five largest banks in South Africa.
News from the weekend that nine Italian banks failed the European Central Bank (ECB)'s so-called "stress test" sent ripples through the Italian economy Monday, but some experts say the reaction may be overblown.
Myanmar has made a new move in its financial reform efforts, granting preliminarily on Wednesday a total of nine foreign banks permission to open branches for financial service operations in Myanmar for the first time in more than five decades.
Chinese banks are under increasing pressure to reform under conventional business structures amid lackluster first-half profit data.
Brazilian President Dilma Rousseff Tuesday knocked her main election rival's industrial program.
Chinese cross-border capital flow was more balanced in the second quarter of this year, according to new data on foreign currencies bought and sold by commercial banks.
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