{"id":9897,"date":"2009-02-17T00:00:00","date_gmt":"2009-02-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hks-bank-of-east-asia-posts-first-loss-in-four-decades","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/hks-bank-of-east-asia-posts-first-loss-in-four-decades.html","title":{"rendered":"HK&#8217;s Bank of East Asia posts first loss in four decades"},"content":{"rendered":"<p><span class=\"tickerlinx\">Forbes &#8211; Bank of East Asia<\/span>, Hong Kong&#8217;s fifth-largest lender, posted a bigger-than-expected second-half loss and slashed its dividend, after selling a debt portfolio at a steep loss. <\/p>\n<p> The bank (BEA), which reported its first half-year loss since the 1960s, warned of a tough market environment this year but said on Tuesday it had no strong need to raise capital in the near term. <\/p>\n<p> &#8216;BEA may not need to raise capital immediately but the market will remain bearish on the stock as loan growth drops and mortgage demand slows down,&#8217; said Castor Pang, a strategist with Sun Hung Kai Financial. <\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2009\/02\/17\/afx6058075.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Bank of East Asia, Hong Kong&#8217;s fifth-largest lender, posted a bigger-than-expected second-half loss and slashed its dividend, after selling a debt portfolio at a steep loss. The bank (BEA), which reported its first half-year loss since the 1960s, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7652,7643,7644,7651,7650,7645,1672,4513,7649,7646,7647,6387,336,173,5894,7648],"class_list":["post-9897","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1960s","tag-bank-of-east-asia","tag-bank-of-east-asia-hong-kong","tag-bea","tag-castor","tag-debt-portfolio","tag-dividend","tag-forbes","tag-half-year","tag-loan-growth","tag-market-environment","tag-mortgage","tag-stock","tag-strategist","tag-sun-hung-kai","tag-tough-market"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9897"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9897\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}