Business
Japan's Nikkei sinks to 1½-year low as bank shares tumble
Japan’s Nikkei share average slumped on Monday (Apr 7) to the lowest level in 1½ years, with the index of Japanese bank stocks diving more…
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Bank
Business
Trade war boosts odds of Bank of England pushing ahead with May rate cut
THE threat of a global trade war is set to tip the balance at the Bank of England toward more interest-rate cuts, investors and economists…
News
Bank of Japan’s Ueda says US tariffs could have big impact on global trade
Ahead of the latest levies, Japan’s authorities have been rushing to prepare for potential impacts Bank of Japan (BOJ) governor Kazuo Ueda…
Business
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and…
Business
Can DBS turn Panin Bank around? Analysts think so.
A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and…
Business
Australia’s central bank holds rates steady, warning of ‘pronounced’ global risks
Australia’s central bank on Tuesday left its cash rate steady as widely expected, saying it was still cautious about the outlook, although…
Business
Australia’s central bank holds rates as it frets over trade war risk
Australia’s central bank on Tuesday (Apr 1) left its cash rate steady as widely expected but took a small step towards further easing in a…
Business
Who Is Charlie Javice and How Did She Defraud Wall Street's Biggest Bank of $175 Million
A shocking conviction of a young and promising female entrepreneur in a multi-million-dollar fraud case has rocked the U.S. fintech…
Business
Deutsche Bank extends CEO's mandate and revamps board in crucial year
Deutsche Bank has extended CEO Christian Sewing’s contract, while its deputy and another top executive will depart as part of a management…
Business
Robinhood, moving beyond meme stocks, now wants to be your bank
Robinhood Markets has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes –…
Business
DBS leading race to buy controlling stake in Indonesia's Panin Bank
DBS Group, South-east Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people…
Business
ECB pushes back against calls for looser bank rules
The European Central Bank (ECB) has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US…
Business
Trust Bank rolls out money lock anti-scam feature Trust Lock
Trust Bank announced the roll-out of its money lock feature, Trust Lock, for customers on Wednesday (Mar 26). This allows Trust customers…
Business
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success Around S$500 million in net withdrawals were…
Business
Norinchukin becomes latest big Japan bank to quit climate group
Norinchukin Bank left the banking industry’s largest climate alliance, walking away from a group that’s already been abandoned by US and…
Business
Malaysia central bank sees significant growth hurdles ahead
Malaysia’s central bank said that growth risks loom large in its monetary policy considerations, as brewing global trade disputes and…
Business
Ex-Citigroup Asia managing director Shaw sues bank in Hong Kong
Philip John Shaw, a former head of Pan-Asia Execution Services at Citigroup, sued the US bank to contest his summary dismissal in March…
Business
Bank of Japan says to raise rates if price target to be achieved, despite losses on JGBs
Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday (Mar 24) that the central bank will continue to raise interest rates if its…
Business
Transforming and developing a bank, the Japanese way
Under a new scheme, staff are posted overseas for six months to take a different role; this overseas working experience facilitates…
Business
China’s central bank says it will boost forex market resilience
The bank will study creating new structural monetary policy tools and support the investment and financing of technology innovation,…
Business
Role of Indonesia central bank must be strengthened to support growth ambitions, top lawmaker says
Indonesia’s economic growth has hovered at around 5 per cent in the past few years The role of the Indonesia’s central bank must be…
Business
Singapore financial sector may cut hiring amid volatile markets, global bank layoffs
The recent series of job cuts underscore the challenges lenders are grappling with; US banks’ layoffs could ripple through to Singapore…
Business
Bank of England keeps rates on hold
The Bank of England held interest rates at 4.5 per cent and warned against assumptions that they would be cut over its next few meetings…
Business
Is it a bank? Is it a fund manager? Chocolate Finance meltdown highlights need for clear distinction
The two may have overlapping traits, but industry watchers say the differences must be made obvious to customers For less-savvy investors,…