Business
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026 Xpeng has hired banks to work on an…
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Banks
Business
Six banks seen reaping US$157 billion on Trump’s return
The six giants of US banking are expected to post their second-highest annual profit ever – a US$157 billion haul – after riding out US…
Business
China extends policy allowing banks to sell bad personal loans
Chinese banks are accelerating write-offs and transfers of bad assets to shore up asset quality as margins have hit record lows CHINA’S…
Business
Fee income, recovery in loan growth are key drivers for Singapore banks in 2026
But analysts expect overall results to be flattish or lower, weighed down by net interest income Fee income and a recovery in loan growth…
Business
European stocks hit another record close as banks, miners lead
EUROPEAN stocks logged a second consecutive record close on Tuesday, lifted by banks and commodity-linked shares, although gains were…
Business
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation Mitsui OSK Lines…
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…
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…
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
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more…
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
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…