Business
What’s open and closed on Memorial Day 2025? Stock markets, banks, stores, pharmacies, more
The temperatures are heating up and school’s almost out for the summer. Before we fully dive into the warmer months and vacations, we get…
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Banks
Business
What’s open and closed on Memorial Day 2025? Stocks, banks, Walmart, groceries, post office, more
The temperatures are heating up and school’s almost out for the summer. Before we fully dive into the warmer months and vacations, we get…
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…
Business
Indonesia’s state banks eye bigger share of growing wealth market in Singapore
Bank Negara Indonesia (BNI) and Bank Mandiri, Indonesia’s state-owned banks, are pulling out all the stops to make their mark in…
Business
China’s Big Five banks post slimmer margins as economic challenges persist
[SHANGHAI/HONGKONG] China’s Big Five lenders on Tuesday (Apr 29) reported narrower margins on their first-quarter earnings and some a drop…
Business
Singapore banks dominate surge in share buybacks
Singapore lenders are taking advantage of recent weakness in their share prices to purchase stock, making up the bulk of total corporate…
Fashion
2025 Fashion Los Angeles Awards Red Carpet Arrivals: Chappell Roan, Ashley Park, Tyra Banks and More
The Daily Front Row rolled out the red carpet on Thursday night for the Fashion Los Angeles Awards at the Beverly Hills Hotel. The…
Business
Indian banks hit record as new RBI liquidity rules boost outlook
The rally – led by private lenders – reflects growing investor confidence that the sector’s credit growth is recovering from last year’s…
Business
House China committee urges US banks to drop CATL listing roles
The chairman of a US congressional committee on China is calling on Bank of America and JPMorgan Chase to withdraw from working on the…
Business
Big Banks Are Not Bakers
When it comes to de-banking, the comparison of a bank’s activities to an artist’s free expression bounces like a bad check. Source link
Business
Singapore banks face nickel questions
Singapore’s three banks have come under an uncomfortable spotlight for their financing of Indonesia’s Harita Nickel, a mining company…
Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
Business
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs…
Business
Singapore banks lose over S$37 billion in market value as tariff sell-off continues
Shares of Singapore’s three local banks continued to slide on Monday (Apr 7), weighed down by a broader market sell-off triggered by…
Business
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29% Office complex One Raffles Quay has…
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…