Fashion
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index…
Tag
Banks
Culture
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to…
Culture
UBS targets Japan’s regional banks with senior sales hires
UBS Group hired three salesmen in Japan to boost its business selling high-yielding structured investments and other tailored derivative…
News
Banks Celebrate the New Year by Quitting Their Climate Pledges
NZBA was part of the broader Glasgow Financial Alliance for Net-Zero, launched by former Bank of England governor turned green investment…
Culture
Banks want in on Tether’s billions in stablecoin profits
UNTIL recently, banks watched from the sidelines with envy as stablecoin market leader Tether Holdings boasted of billions in profits. Now…
Fashion
ECB plans to clamp down on banks ignoring its demands for fixes
THE European Central Bank (ECB) is set to crack down on lenders that are slow to deal with fixes the supervisor demands of them, after…
Culture
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Culture
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Culture
China banks raise mortgage rates for the first time since 2021
CHINESE banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property…
Culture
Office property meltdown is starting to surface at US banks
SLUMPING office property values are rippling through US banks, with smaller lenders in particular ramping up the use of loan modifications…
Lifestyle
Prosecutors link rapper Lil Durk to second killing as judge orders him jailed in L.A. case
Federal prosecutors said Thursday that rapper Lil Durk, who is accused of commissioning a murder two years ago in Los Angeles, may be…
Culture
China regulators tell banks to expedite offshore company listings: sources
REGULATORS in mainland China and Hong Kong have told some of the world’s biggest investment banks to help speed up Chinese companies’…
Fashion
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are…
Fashion
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up…
Culture
Britain’s jobs statistics crisis gives banks a growing headache
Britain’s banks may be putting extra money aside to cover bad loans due to confusion around the country’s faulty labour market data.…
Fashion
Japanese banks sticking with Adani as Jefferies, Barclays review ties
JAPAN’S biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including…
Culture
Indian banks review Adani exposure in wake of US bribery allegations
INDIAN banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday (Nov 28),…
Fashion
Australia shares hit record high again on boost from banks
Australian shares hit a record high on Thursday (Nov 28), helped by a sustained rally in the heavyweight banking stocks, despite concerns…
Fashion
Singapore banks, insurers in ‘good position’ to withstand severe macrofinancial shock: MAS
Most investment funds also have enough liquidity to meet redemption shocks, its liquidity stress-simulation tests have found SINGAPORE’S…
Culture
Thai banks’ bad loans highest in nearly 3 years, but manageable: central bank
THAI banks’ non-performing loans (NPLs) rose to 2.97 per cent of outstanding loans at the end of September, the highest level in nearly…
Culture
Global banks weigh halting fresh credit to India's Adani after US indictment
Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US…
Fashion
Eurozone banks are vulnerable to US funding squeeze: ECB
The growing dependence on US dollars and the stronger link between banks and non-banks pose risks to the eurozone’s financial system…