Author: CapitalGainsFund

Jul 22

What a Rise Mortgage Defaults Would Mean for China Banks

Grace Wu, head of Greater China bank ratings at Fitch Ratings, discusses what the property market crisis means for lenders in the world’s second-largest economy. Tens of thousands of people around the country are withholding payments on their mortgages for homes that developers, including China Evergrande Group, have yet to finish. Wu speaks with David Ingles on “Bloomberg […]
Jul 22

Report calls for shake-up at Serious Fraud Office

Lisa Osofsky’s position as Britain’s chief fraud fighter was spared after a critical report on prosecution failures called for an overhaul of processes at the Serious Fraud Office but not for her head. The analysis by Sir David Calvert-Smith — a former director of public prosecutions and a retired judge — found that there was […]