Business
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Sumitomo Mitsui…
Tag
Bank
Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
Business
Bank of Japan sees window for rate hikes narrowing but not closed yet
The Bank of Japan’s (BOJ’s) rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US…
Business
New Zealand central bank sees AI adoption posing risk to financial stability
The rapid acceleration of artificial intelligence adoption in financial services presents a risk to financial stability, the Reserve Bank…
Business
India’s largest bank plans to raise 250 billion rupees in share sale
State Bank of India, or SBI, plans to raise 250 billion rupees (S$3.8 billion) through new shares and this fiscal year, marking the first…
News
'I saved my ID card and my dog': Israel expands demolitions of West Bank refugee homes
On the night Israeli forces entered Jenin refugee camp in the occupied West Bank and began ordering its 20,000 Palestinian residents to…
Business
'I was born Ivorian' - bank boss barred from running for president tells BBC
Tidjane Thiam, a former international banker and the leader of Ivory Coast's main opposition party, has told the BBC that he will not give…
News
US tariffs provide opportunities for Greenlink Digital Bank: chairman
The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB). GLDB…
Business
Bank of Japan keeps rates steady, cuts growth forecasts
The Bank of Japan (BOJ) kept interest rates steady and cut its growth forecasts on Thursday (May 1), as uncertainty surrounding US tariffs…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty…
Business
Thailand’s central bank cuts key rate by 25 bps
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Thailand’s central bank cuts key rate again, lowers growth forecasts as tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Bank of Japan to hit pause on rate-hike path as economic risks mount
The Bank of Japan (BOJ) is widely expected to signal a pause in policy normalisation this week as US tariffs heighten global uncertainty,…
Business
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Business
Bank of Japan’s Ueda keeps rate-hike pledge but warns of US tariff impact
Bank of Japan (BOJ) governor Kazuo Ueda said on Thursday (Apr 24) that the central bank will continue to raise interest rates if…
Business
US bank regulators pull back guardrails on bank crypto activities
banking regulators announced on Thursday (Apr 24) that they were pulling back several documents that urge banks to show caution when…
Business
China’s central bank chief warns trade frictions threaten trust in world economy
Pan joins annual meetings of IMF, World Bank talks in Washington with US, EU and G20 members China’s central bank chief Pan Gongsheng…
Business
BNP looks past tariff slowdown fears after investment bank boost in Q1
FRANCE’S BNP Paribas reported first-quarter earnings in line with expectations thanks to rising sales at its investment bank, and stuck…
Business
Vietnam central bank preparing restructuring plan for troubled lender SCB
Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre…
Business
Another China shadow bank seeks state help as trust sector reels
China’s state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a…
Business
America's looming food bank crisis
America's food banks are facing a looming crisis under President Donald Trump's administration as proposed changes to the Supplemental…
Business
Capital One, Discover deal gets US bank regulators’ nod
US banking regulators said on Friday (Apr 18) they approved Capital One’s US$35.3 billion purchase of Discover Financial Services, paving…
Business
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate…