Search

The article discusses the initiatives which were undertaken by the Japanese government to finance its industry which were experiencing economic stress. It cites the creation of a cash-generating machine that takes deposits into the Postal Savings systems for companies to finance internal growth and export sales along with the allocation of hefty budget for the industry. The shifting from bank debt to selling stock and bonds for big companies and government loans for small firms are noted.

The article focuses on the Postal Savings Bank of China (PSBC), the world's biggest bank by branches and discusses its plans for an initial public offering (IPO) in Hong Kong in 2016 as part of the efforts of China to engage private capital with plans to enhance economic growth. Topics discussed include challenges faced by PSBC such as explaining the role of PSBC in Chinese society with its network spread, and potential of PSBC to narrow the gap between the richest and rural poor.

The article profiles Lori Matheus, managing director for finance and development at the U.S. Economic Development Authority (EDA). Matheus' role involves leading the urban and community development/business banking and technology and life sciences team at EDA. It mentions that Mattheus, a graduate of Rider University, has taken other responsibilities such as government banking, community development, and finance and administration prior to joining EDA.

The article focuses on the equity capital market in China with reference to the circuit breaker mayhem of China, Brexit results, and the victory of U.S. presidential-elect Donald Trump. Particular focus is given to devaluation of China's currency renminbi in 2015, trading based on Shanghai and Shenzhen stock exchanges, and shares of Postal Saving Bank in China.

The article reports on the plans of Postal Savings Bank of China and China Resources Beer (Holdings) Co. to launch jumbo offerings. Topics discussed include the initial public offering (IPO) plans of the postal savings bank on the Hong Kong stock exchange, a rights issue planned by China Resources to raise 9.5 billion dollars, and the lead managers and advisers for the transactions.

The author talks about why the U.S. Postal System (USPS) venturing into banking by becoming depository institutions is unrealistic. Topics discussed include the move being made to boost the finances of USPS, the authors view that updating of management practices should help the USPS function profitable, and the work undertaken by credit unions in providing financial services to low-income individuals.

The article focuses on U.S. Postal Service (USPS) Inspector General David Williams' January 2014 report and proposal that the USPS should become a postal savings bank and make small loans to consumers. The article notes the estimated amount of annual revenue that USPS could generate by selling reloadable prepaid cards and also that it could make profitable loans at lower interest rates than those of payday loans. The article notes Williams' and Postmaster General Patrick Donahoe's remarks.

The article offers the perspective that a U.S. Postal Service (USPS) postal savings bank operated successfully from 1911 to 1967 and discusses whether or not postal banking services operated by the USPS as of 2014 would be successful and generate revenue. The discussion topics include competition in the financial services market, the banking industry's opposition to USPS postal banking services, and the issue of postal banks offering consumer credit and government-backed small loans.