Business
HSBC asks hundreds of managers to reapply for jobs in bank revamp
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB)…
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Bank
Business
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering…
News
Singapore proposes anti-scam law to let police order restrictions on bank transfers
SINGAPORE’S police will be able to issue restriction orders limiting banking transactions by individuals who are at risk of falling victim…
Business
Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
Business
State Bank of India beats Q2 profit view but lending margin shrinks
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher…
Business
Bank of England says unwind of trade that rocked gilt market likely over
BANK of England (BOE) officials said the UK bond sell-off that followed last week’s budget announcement was exacerbated by investor…
Business
Bank of England to cut rates in decision that will be overshadowed by budget, Trump
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by…
Business
Thai inflation stays below central bank target for fifth month
THAILAND’S inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to…
Business
BIS to leave China-backed central bank digital currency project
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge,…
Business
StanChart sells India personal loan business to Kotak Mahindra Bank
KOTAK Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday (Oct 18), leaving…
Business
China central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to…
Business
Bank of America folds fintech investment banking team into tech
Fintech and software payments are bound to intersect as financial technology begins to resemble traditional technology such as software,…
Business
US: Dow, S&P 500 rally to fresh records on bank earnings
THE Dow and S&P 500 rallied to fresh records Friday (Oct 12) behind solid bank earnings, adding to weekly gains as markets shrugged off…
Business
Amicus Capital invests Rs 125 cr in Equirus; Federal Bank partially exits
2 min read Last Updated : Oct 11 2024 | 8:25 PM IST Private equity firm Amicus Capital on Friday announced that it has invested Rs 125…
Business
NCGTC to pay Bandhan Bank extra Rs 315 cr for claims under CGFMU scheme
2 min read Last Updated : Oct 10 2024 | 9:20 PM IST Bandhan Bank on Thursday said the National Credit Guarantee Trustee Company (NCGTC),…
Business
World Bank raises S Asia growth forecast to 6.4% on Indian domestic demand
World bank (Photo: Shutterstock) 3 min read Last Updated : Oct 10 2024 | 12:05 PM IST The World Bank raised its growth forecast for South…
Business
Cash still king for Swiss businesses, central bank survey shows
CASH is still the most accepted payment method for Swiss businesses, the Swiss National Bank (SNB) said on Wednesday (Oct 9), despite…
Business
Australia central bank discussed future cases for raising, lowering rates
AUSTRALIA’S central bank discussed scenarios in which the cash rate may need to be raised or cut in the future at the September policy…
Business
HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis…
Business
Bandhan Bank share price rises 3% after Q2 total deposits jump 27% YoY
2 min read Last Updated : Oct 07 2024 | 11:56 AM IST Bandhan Bank share price: Shares of private lender Bandhan Bank rose as much as 2.88…
Business
Bank Indonesia intervenes in FX markets after rupiah slump
Bank Indonesia is intervening in the spot, domestic non-deliverable forwards and bond markets to maintain the balance of currency supply…
Business
Oops! Elon Musk's X sends pending fines to wrong bank, Brazil ban continues
Elon musk (Photo: Reuters) 3 min read Last Updated : Oct 05 2024 | 12:08 PM IST In an embarrassing moment for billionaire Tesla-owner Elon…
Business
BoB to sell Oman operation to Bank Dhofar as part of rationalisation
The total business of BoB operation in the country was 113.35 million Omani Rial. | Photo: Shutterstock 2 min read Last Updated : Oct 03…
Business
Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market
The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore. | Photo: Shutterstock 2 min read Last…