China

China Construction Bank becomes third Big Four bank operating in Russia.

The LIBOR scandal rocked the world of finance last year after reports emerged of gross misconduct by Barclay’s Bank in the submission of LIBOR rates to the British Banker’s Association (BBA). Barclays had been under investigation by authorities for its role in setting the world’s key short term interest rate-the London Interbank Offered Rate (LIBOR) and had to pay total fines of £ 290 million in separate settlement agreements with the Financial Services Authority (FSA), U.S. Department of Justice and Commodity Futures Trading Commission (CTFC).

Might also relax tight capital controls this year.

Asset management companies will be set up to fend off risks.

Profit growth will slip to single-digit levels.

But results are still impressive, thanks to better NPLs.

Total loans and deposits also rose 16% and 14%.

Ask government to draft rules to head off higher risk.

Stood at US$69 billion in 2012.

Find out why Barclays prefers CCB.

Find out what other risks loom for China.

It has already overtaken the Russian Rouble.

New rules intend to slow explosive growth of the gray market.

Big Four bank said loans hit US$96 billion in 2012.

Will lower threshold to allow securities companies to do this.

Find out what IFC's Global Discount Note Program is about.