HSBC Holdings Plc. has announced a large cash injection of 2.8 billion Yuan (£277 million) into their Chinese entity. This indicates a significant turning point as the injected capital is the first time an overseas bank has been given permission to use Yuan. Also, the unit in China is the first unit in Asia Pacific for HSBC,

Raiffeisen Bank has appointed Marc Meyers to join the Executive Committee as an Advisor, commencing 1^st January 2012. Meyers is currently responsible for SMEs at Deloitte and is a General Partner in Fiduciary, both in Luxembourg. In addition, he is the President of the Institute of Chartered Accountants, which he will leave before joining Raiffeisen Bank. The President

The rate of insolvencies among UK companies has dropped this year, according to information services firm, Experian.

The survey shows that more established UK companies are unlikely to fall into insolvency and are stronger compared to last year.

Last month, there was a 25% decrease in the number of medium sized firms