Politics
White House readies order to fine banks for dropping clients over politics: WSJ
The order would authorise monetary penalties, consent decrees or other disciplinary measures against violators The White House is drafting…
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Banks
Business
Wall Street banks lose ground in Europe as tariffs spook clients
AS US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe, corporates across the continent are taking…
Business
Banks pull down Australian shares from record high
Australian shares fell on Monday (Jul 21) to their worst session in more than three months, retreating from a record high scaled in the…
Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Business
China banks stoke controversy with loans to boost pensions
Rural banks in China have created a public stir by targeting low-income earners and the elderly with loan products designed to plug their…
News
Trump’s Big Cuts Are Going to Overwhelm Food Banks With Hungry People
“Food shelves would have to have the capacity to welcome twice the volume of meals through their doors, and their shelves, and their…
Business
Europe: Shares fall as banks, mining stocks losses weigh
European shares ended lower on Friday (Jul 4) as losses in banks and mining-related stocks weighed, with focus now shifting to the Jul 9…
Business
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Business
Big banks pass Fed’s stress test, setting stage for payouts
[WASHINGTON, DC] A group of large US banks comfortably cleared the Federal Reserve’s annual stress test, setting the stage for lenders to…
Business
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a…
Business
Big US banks expected to ace stress tests, boost dividends
The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can…
Business
Australia: Banks, miners lift stocks; Trump’s Iran-Israel truce announcement boosts sentiment
RALIAN shares rose on Tuesday, led by gains in banks and miners, as US President Donald Trump’s announcement of the Iran-Israel ceasefire…
Business
Central banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of…
Business
Japan’s top banks said to mull joint ATM operation to cut costs
Bank, Sumitomo Mitsui Banking and Mizuho Bank are considering jointly operating automated teller machines (ATMs) to reduce costs, said…
Business
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…
Business
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May…
Business
Thai banks' bad loans rise to 2.9% in Q1
Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent at the end of December,…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Business
Foreign banks sell record Indian sovereign debt as tensions rise
Foreign banks sold a record amount of Indian government bonds on Thursday (May 8), as a growing border conflict with Pakistan weighs on…
Business
Singapore banks set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
Business
Asian banks see big boost to wealth business as currencies rally
A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US…
Business
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
Business
Australia shares hit near two-month high on boost from banks
AUSTRALIAN shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in…
Business
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…