Business
Abu Dhabi Banks Lay Groundwork for Potential Risk Transfer Deals
The global SRT market is set to expand 11% annually on average in the next two years Two of Abu Dhabi’s biggest commercial banks are…
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Banks
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Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt Four of Thailand’s largest…
Business
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape On Wall Street, everyone’s a…
Business
US: Wall Street ends mixed; banks rally on upbeat results
WALL Street ended mixed on Tuesday as investors digested mostly positive quarterly results from big US banks, comments from Federal…
Business
Indonesia considers further liquidity injection for state banks
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks Indonesia is considering…
Business
Goldman, BNP among banks exploring stablecoin-like digital money
A GROUP of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore…
Business
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…
Business
Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US…
Business
Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered
The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits…
Business
Indonesia mulls moving 10 trillion rupiah to regional banks to boost growth
Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to regional banks, its finance minister said on…
Business
Indonesia mulls moving 10 trillion rupiah per lender to regional banks to boost growth
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to…
Business
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising…
Business
Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint ones, with balances of at least S$50,000 In a move to fortify protections…
Business
Swift and top global banks working on blockchain-based overhaul
Global financial messaging network Swift and more than 30 global banks announced on Monday (Sep 29) that they were now working “at pace”…
Business
Australian shares hit near 2-week high as banks, healthcare stocks gain
Australian shares rose on Monday (Sep 29), led by financials ahead of a widely expected hold on interest rates by the central bank, while…
Business
European banks to launch euro stablecoin in bid to counter US dominance
The new Amsterdam-based company is expected to launch its stablecoin in the second half of next year A consortium of nine European banks,…
Business
As Fed and regional rates fall, Asia’s banks remain attractive yield plays: analysts
Loan growth and risk levels will impact capital availability for dividends in Asean Even as the US Federal Reserve and central banks…
Business
Central Bank’s New Brazilian Forex Rules Could Impact Crypto Exchanges
Brazil’s central bank (BCB) has proposed new rules for the forex sector that may place further restrictions on the country’s crypto…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities, private credit funding Asia Pacific (Apac) data centre operators…
Business
HSBC’s Roberts says the bank’s future in Asia, Middle East
The future of HSBC Holdings is in Asia and the Middle East because of the amount of wealth and the capital flows between the two regions,…
Business
Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’
While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen Toll Group expects its Indian…
Business
Jeffrey Banks Dishes About Ralph Lauren, Audrey Hepburn and More
After nearly 50 years in the fashion industry, Jeffrey Banks has plenty to unpack. The American designer detailed some of the highlights…
Business
South Korea eases equity rules for banks to spur high-tech investment
Large securities firms will be allowed to issue promissory notes and operate integrated management accounts South Korea rolled out…
Business
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US…