Business
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks…
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Banks
Business
Visa offers stablecoin settlement for US banks using Circle’s USDC
Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory…
Business
Airline Caterer Gategroup said to pick banks for Zurich IPO
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon…
Business
Europe: Stocks recover, banks lead; ECB decision, US data in focus
EUROPEAN shares ended higher on Monday in broad-based gains led by banks, kicking off a week packed with central bank decisions and…
Business
China shadow bank’s missed payments show growing property stress
The recent trouble in Zhejiang is a reminder that the problem never fully went away A US$3 billion redemption crisis in eastern China is…
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Sen. Jim Banks predicts Trump's redistricting foes face tough primary cycle in Indiana
Sen. Jim Banks warned Sunday that Indiana Republicans who thwarted President Trump's push for a new redistricting map will pay for it in…
Business
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate Crypto giants,…
Business
Banks to get new powers to give financial advice
People who might otherwise turn to friends, family, or social media influencers for financial advice are to be given new help to invest…
Business
Firewood Banks Aren’t Inspiring. They’re a Sign of Collapse.
Most articles about wood banks wrap them in the same tired language. Community spirit. Rural generosity. Neighbors helping neighbors. It’s…
Business
Hong Kong exchange, regulator ask banks to maintain quality of IPO applications
The Hong Kong securities regulator and the stock exchange said that they have jointly asked investment banks to ensure that they maintain…
Business
Hong Kong asks investment banks to ensure IPO applications maintain standards
More than 300 companies have filed to list in the city, most of them from mainland China Investment banks preparing Hong Kong initial…
Business
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since…
Business
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International…
Business
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their…
Business
Saudi National Bank’s US$1 billion loan adds to Middle East spree
Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping…
Business
BOE cuts banks’ benchmark capital requirements ahead of review
The Bank of England has cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signalled a…
Business
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22% Amazon is preparing to offer…
Business
Black Friday 2025: Are banks, stock markets open or closed? And when do store sales start at Walmart and Target?
The day after Thanksgiving is a holiday in itself for retailers. Historically, Black Friday has been a time when shoppers wake up early…
Business
What’s open and closed on Thanksgiving Day 2025? Stores, banks, stocks, groceries, pharmacies
Thanksgiving is a beautiful day filled with family, loved ones, and good food. All that merriment takes copious amounts of labor and…
Business
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global…
Business
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such…
Business
Banks get US$2.6 trillion from deregulation, Jefferies says
Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according…
Business
Deutsche Bank’s DWS cuts Asia private credit team in shift: sources
Despite Asia credit pullback, DWS sees alternatives driving growth and plans hires in Singapore DWS Group, an asset management arm of…
Business
Deutsche Bank’s DWS cuts Asia private credit team: sources
Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore DWS Group, an asset…