Business
National Australia Bank’s shares hit record high on robust first-quarter cash profit
Australia’s top business lender has posted cash earnings of A$2 billion for the quarter ended Dec 31 National Australia Bank’s (NAB)…
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Banks
Business
European shares rise as banks, healthcare rally; investors weigh geopolitics, AI impact
European shares closed higher on Tuesday (Feb 17) as financials and healthcare stocks led the market rally, while investors tracked…
Business
Wall Street banks are paying their CEOs like it’s 2006 again
Chief executives all received annual compensation of at least US$40 million, with their total pay surpassing records set in 2006 and 2021…
Business
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said.…
Business
Deutsche Bank’s private bank eyes hiring push in emerging markets
Deutsche Bank plans to add up to 50 relationship managers in its emerging markets private banking unit this year, said a senior executive,…
Business
Banks drag STI below 5,000 post-Budget, but analysts see ample ‘fiscal dry powder’
The scaled-back handouts leave room for future support; the new measures could enable the continued recovery of the capital market The…
Business
UBS joins foreign banks expanding India global capability hubs
The Swiss bank plans to add “2,000 professionals in the coming months” at the new facility Group opened a new global capability centre in…
Business
Securities financing gains traction among Singapore banks amid global demand, wealth inflows
While interest for SGX stocks are still limited, equities reform can encourage more activity, observers say More financial institutions in…
Business
US banks expect stronger loan demand in 2026: Fed survey
S expect demand for business loans across all categories to strengthen this year after improving last quarter, a Federal Reserve survey…
Business
Banks drive European stocks to record high as markets recover from rocky start
Stoxx 600 index climbed to a record on Monday, propelled by strong gains in financial and healthcare stocks as investors looked past…
Business
India considering 49% foreign ownership in state-run banks
A is considering allowing foreigners to own as much as 49 per cent stake in its state-run banks as policymakers look to bolster capital at…
Business
DBS, OCBC, UOB target prices climb as banks hit record highs
Analysts are ratcheting up target prices for local lenders as their shares and the benchmark Straits Times Index (STI) scaled new peaks.…
Business
Hong Kong banks to see wealth ‘windfall’ as fees jump: report
Risk appetite also remains “firm” thanks to expectations of further interest rate cuts by the Federal Reserve through the year Hong Kong…
Business
Hidden risks build at Vietnam banks on mounting debt guarantees
In China, regulators have in recent years told some lenders to limit their use of such arrangements Vietnamese lenders are providing more…
Business
Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence
ALL eyes are on what US Federal Reserve chairman Jerome Powell will say and do this week. While he is unlikely to change policy at the end…
Business
British banks to join European rivals in hiking profit targets, sources say
Britain’s biggest banks, including HSBC and NatWest, are set to follow their European rivals and lift their key profit targets when they…
Business
British banks to join European rivals in hiking profit targets: sources
In continental Europe, many banks have already lifted their profit goals, signalling confidence higher margins will last for years…
Business
Indonesia’s Merdeka Gold is said to hire banks for Hong Kong listing
Deliberations are ongoing, and the size and timing of the deal are still under discussion Indonesian miner Merdeka Gold Resources has…
Business
India needs ‘eight to 10’ large banks, Axis Bank CEO says
The country currently has 12 state-run banks and 21 large and mid-sized private banks India will need “at least eight to 10” large banks…
Business
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in…
Business
Russian court considers central bank's $232B lawsuit against Euroclear over seized assets
MOSCOW (AP) — A court in Moscow on Friday began considering a lawsuit filed by the central bank against Euroclear, the Brussels-based…
Business
US stocks: Wall Street ends up as banks gain following results; chips rally with TSMC
US stocks rose on Thursday after two days of declines as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly…
Business
Wall Street slides at open as investors assess results from big banks
Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America and Citigroup, while…
Business
Major US banks gear up for bond sales as Trump turns up pressure
The biggest US banks usually borrow in the investment-grade bond market soon after posting earnings Wall Street is about to embark on its…