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…
Tag
Banks
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
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the…
Business
Bank of Korea halts digital currency project, pausing talks with banks
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions…
Business
Asian banks fuel more than US$2 billion loan boom in Middle East
Middle East borrowers are ramping up loans that are being syndicated in Asia-Pacific as they look to diversify fundraising beyond global…
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
U.S. strikes on Iran’s nuclear program have unleashed cyberattacks on American banks and the oil industry
Hackers backing Tehran have targeted U.S. banks, defense contractors and oil industry companies following American strikes on Iranian…
Business
Banks critical to help companies in more protectionist global economic order: Gan Kim Yong
Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
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
Montage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Chinese chip designer Montage Technology…
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
MOF says SRS withdrawal process ‘can be improved’; to work with banks
The government will work with Supplementary Retirement Scheme (SRS) bank operators to improve the process of withdrawing funds from their…
Business
Finance ministry says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
Business
MOF says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
Business
Deutsche Bank's deal-making business weaker than expected, CEO says
He says deals will be delayed, not cancelled, on the back of the US’ tariff policies Deutsche Bank’s origination and advisory business is…
Business
Banks want staff back at the office. There aren’t enough desks
Five years after the Covid pandemic fuelled an unprecedented boom in remote work, bank executives have become ever more vocal in their…
Business
Nasdaq CEO says IPO demand boosted despite tariff worries, banks on Texas boom
Exchange operator Nasdaq is holding active talks with companies considering stock market debuts, CEO Adena Friedman said on Thursday,…
Culture
Jessica Biel and Elizabeth Banks’ Prime Video Thriller ‘The Better Sister’ Quickly Loses the Plot: TV Review
There have been several TV series recently centering on the intricacies of sisterhood. From Netflix’s “Sirens” to Peacock’s “Long Bright…
Business
Big banks eye cautious entry into crypto as Trump-era regulators ease path
Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators,…
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…