Bank's plan may hit rivals

Article Abstract:

UK-based financial institution Standard Chartered PLC is planning a secondary listing of up to $650 million in Hong Kong. The company hopes to expand in Taiwan with mergers or acquisitions. Local banks may be affected by the listing as interest is drawn away toward Standard Chartered.

Hong Kong, Securities issued, listed, Standard Chartered PLC

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HSBC attempts a vault: reform, but not too much

Article Abstract:

HSBC Holdings PLC has implemented reforms in the wake of its $3 billion loses incurred in its Thai loan portfolio. The huge loss was attributed to complacency due to the substantial growth rates which the Asian economies were able to achieve year after year. HSBC was overexposed to real estate and lent in US dollars to projects which did not have dollar income. As a result, the firm will now require rigorous analysis of its lending and will emphasize better customer service.

Offices of Bank Holding Companies, Bank Holding Companies, Management, HSBC Holdings PLC, Bank loans

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PAL, Piltel seek solutions; debt woes distort picture of solid bank system

Article Abstract:

Philippine Airlines (PAL) and Pilipino Telephone Corp (Piltel) are both frantically attempting to repay bad debts. PAL is being pressured by lenders to make the first payment on its $2.1 billion in liabilities while Piltel is working out a debt-restructuring plan for its $280 million debt. Despite these isolated occurrences, the Philippine banking system has been declared as relatively sound by Thomson Bankwatch. The credit rating firm affirmed the double-B rating of the country.

United States, Wired Telecommunications Carriers, Scheduled Air Transportation, Telephone Communications, Telephone communications, exc. radio, Intnl & Territorial Air Service, Air Transportation, Scheduled, And Air Courier Services, Telecommunications services industry, Telecommunications industry, Airlines, Telephone services, Philippines, Philippine Airlines Inc., Pilipino Telephone Corp.

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