Business
Vietnam to allow 49% foreign ownership of some banks
Foreign investors cannot hold more than 30% of shares in banks that have government ownership of above 50% Vietnam’s government is…
Tag
Banks
Business
Peter Lim's Thomson Medical banks on JS-SEZ with plans for 300-bed Johor hospital
It will be completed by 2030; group on lookout for healthcare partners for its second block, says CEO Johor Bahru has the potential to…
Business
Consumer agency drops Zelle lawsuit against big banks in latest legal pullback
In the waning days of the Biden administration, the Consumer Financial Protection Bureau filed a series of lawsuits against financial…
Business
Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong
THE full integration of Great Eastern into OCBC will help the lender realise more synergistic value, by providing more opportunities for…
Business
MAS review group initiatives to benefit banks, Reits in near term
DIVIDEND-PAYING players such as banks and real estate investment trusts (Reits) may gain in the near term from the first set of measures…
Business
Asia banks stick with net-zero group that Wall Street abandoned
SEVERAL large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of…
Business
Reits, banks and grocers: Potential winners from Budget 2025 measures
LONG-TERM plans to spur growth, and tax rebates and incentives for certain companies – these were among the highlights of Singapore’s…
Business
Hong Kong banks tap most funds since 2019 as stock demand soars
HONG Kong banks borrowed the largest amount of short-term cash in more than five years on Tuesday (Feb 18), as they sought to keep up with…
Business
Tourism bounce helps Thai banks trim bad loans from three-year high
NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt…
Business
Aussie “Big Four” banks cut rates, mirroring central bank
AUSTRALIAN “Big Four” lenders cut their interest rates by 25 basis points on Tuesday (Feb 18), in tandem with the central bank cutting its…
Business
Card-issuing banks in Singapore to require additional verification for mobile wallet users
Major card-issuing banks have prevented S$53.9 million of losses in Q4 2024, ABS says THE Association of Banks in Singapore (ABS) said on…
Business
Trust Account Secrets: What Banks Don't Tell You
Trust banking might sound like a boring topic, but it’s actually pretty important. It’s all about managing your money and assets in a way…
Business
Indian central bank’s surprise, outsized intervention eases bearish bias on rupee
THE Indian central bank’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as…
Business
ABS introduces digital tool for banks to verify trade financing documents
BANKS in the Republic can now better tackle trade finance fraud with a new automated digital tool that checks the authenticity of bills of…
Business
Singapore’s STI breaks through to a new record as banks hit fresh highs
The three banks, which contribute to about half of the STI, have hit highs multiple times in the past year SINGAPORE’s Straits Times Index…
Business
Coinbase urges US regulators to clear path for banks to offer crypto services
The administration is expected to reshape US policy on digital currency, but US bankers have so far remained cautious on cryptocurrencies…
Business
Why Banks May Be Hoping You’re Not Paying Attention
The median American household has a combined balance of $10,000 in its checking and savings accounts, according to a census estimate. For…
Business
Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks
SINGTEL’S Australian subsidiary, Optus, has inked a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks to…
Business
Hong Kong’s property distress is catching up with city’s banks
DISTRESSED property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. The city’s…
Politics
The House oversight committee will investigate Republican complaints about banks.
President Trump mused on Friday about shutting down the Federal Emergency Management Agency, saying that states could do a better job at…
Business
Barclays sees heightened competition in India from Japan banks
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
Sunway Healthcare picks banks for what could be biggest Malaysia IPO in years
SUNWAY has picked banks including HSBC Holdings and Malayan Banking to help arrange an initial public offering (IPO) of its healthcare…
Politics
Banks running Trump ‘war rooms’ as trade ructions expected
BANKERS at JPMorgan worked through the night in a “war room” to try and assess the early impact of US President Donald Trump’s…
Business
Julius Baer sees end to S&P 500’s bull run; positive on US banks
WITH inflation again becoming a point of concern for the US Federal Reserve, Julius Baer said investors should broaden out their…