High-profile defaults highlight risk in China’s shadow-banking sector amid asset deterioration

https://ift.tt/eA8V8J A slew of high-profile defaults in China’s shadow-banking sector has highlighted the acute deterioration of assets in the US$9 trillion market, analysts said.Noah Holdings, one of China’s largest wealth and asset managers, revealed last week that 3.4 billion yuan (US$500 million) of investment in Camsing International is in danger of default, after Camsing’s controller…

Breakingviews TV: Bank bonanza

https://ift.tt/1fPsSC3 Wall Street earnings are in full swing. Jennifer Saba and Antony Currie explain why Goldman Sachs boss David Solomon may be thankful for the lumpy businesses he’s trying to downplay, how Wells Fargo’s cost cutting may aid its CEO search – and how JPMorgan leads the pack. Vía Reuters Video: Breakingviews https://ift.tt/2jNQNPm

Breakingviews TV: Bank bonanza

https://ift.tt/1fPsSC3 Wall Street earnings are in full swing. Jennifer Saba and Antony Currie explain why Goldman Sachs boss David Solomon may be thankful for the lumpy businesses he’s trying to downplay, how Wells Fargo’s cost cutting may aid its CEO search – and how JPMorgan leads the pack. Vía Reuters Video: Breakingviews https://ift.tt/2jNQNPm

Breakingviews TV: Bank bonanza

https://ift.tt/1fPsSC3 Wall Street earnings are in full swing. Jennifer Saba and Antony Currie explain why Goldman Sachs boss David Solomon may be thankful for the lumpy businesses he’s trying to downplay, how Wells Fargo’s cost cutting may aid its CEO search – and how JPMorgan leads the pack. Vía Reuters Video: Breakingviews https://ift.tt/2jNQNPm