Business
Australia: Miners, banks propel shares to record high; RBA outlook in focus
AUSTRALIAN shares rose to a record peak on Wednesday, supported by strong performances among miners and banks, while investors almost…
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Banks
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JPMorgan tops foreign banks’ earnings in Japan on deals boom
organ Chase out-earned global rivals in Japan last year after capitalising on a dealmaking spree fuelled by the Asian nation’s push to…
Business
Wall Street banks lose ground in Europe as tariffs spook clients
AS US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe, corporates across the continent are taking…
Business
StanChart CEO says ‘shame on’ big banks quitting net zero group
The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their…
Business
Banks pull down Australian shares from record high
Australian shares fell on Monday (Jul 21) to their worst session in more than three months, retreating from a record high scaled in the…
Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Business
Security and compliance among concerns of banks in granting API access to fintechs
Security and compliance concerns are top of the list when Singapore’s brick-and-mortar banks decide whether to grant fintechs Application…
Business
US banks JPMorgan and Citigroup see lower recession risk despite tariff fog
Large US banks reported results that topped estimates on Tuesday as executives pointed to American economic resilience and said businesses…
Business
Azealia Banks: Conor McGregor's X-Rated Photo Leaked by Rapper on X After He Tried to Slide into Her DMs
Azealia Banks has posted explicit images of what she claims are unsolicited nude photos sent to her by Conor McGregor. The rapper shared…
Business
China banks stoke controversy with loans to boost pensions
Rural banks in China have created a public stir by targeting low-income earners and the elderly with loan products designed to plug their…
Business
Chinese banks stumble on Beijing’s consumer lending push
Chinese banks are struggling to comply with new Beijing guidelines to boost consumer credit as they reel from a surge of defaults on…
Business
Europe: Shares close at four-week high on banks boost; US trade talks in focus
EUROPEAN shares closed at a four-week high on Wednesday, with banks the biggest boost as investors awaited signs of progress on a trade…
Business
Growth of SME financial services hampered by banks’ restrictions on data: report
Local banks’ restrictions on small and medium-sized enterprises’ (SME) access to their customers’ financial data are hampering API access…
Business
Europe: Shares rise on tech, banks boost with focus on US trade negotiations
EUROPEAN shares ended higher on Monday, driven by gains in technology and bank stocks at the start of a week where investors are on the…
Business
Europe: Shares fall as banks, mining stocks losses weigh
European shares ended lower on Friday (Jul 4) as losses in banks and mining-related stocks weighed, with focus now shifting to the Jul 9…
Business
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Business
Biggest US banks hike dividends, announce share buybacks after acing stress tests
US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health…
Business
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
From banks to tech: Microsoft latest to announce job cuts, layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the…
Business
Bank of Korea halts digital currency project, pausing talks with banks
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions…
Business
Asian banks fuel more than US$2 billion loan boom in Middle East
Middle East borrowers are ramping up loans that are being syndicated in Asia-Pacific as they look to diversify fundraising beyond global…
Business
Big banks pass Fed’s stress test, setting stage for payouts
[WASHINGTON, DC] A group of large US banks comfortably cleared the Federal Reserve’s annual stress test, setting the stage for lenders to…
Business
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a…