Bank
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Hong Kong central bank cuts interest rate, tracking Fed move
[HONG KONG] Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US Federal Reserve.…
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Bank of China delivers 5% gain in profit as margin stabilises
[BEIJING] Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit demand.…
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China’s central bank to resume bond trading on open market
China’s 10-year government bond yield fell sharply by 2 basis points following comments by PBOC governor [BEIJING] China’s central bank will resume buying and selling treasury bonds on the open…
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Swiss National Bank likely intervening to weaken franc: UBS
[ZURICH] The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current market conditions indicate an elevated risk of…
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Is JP Morgan’s Bitcoin Embrace Real? Bank Won’t Even Hold the Ethereum Tokens in New Scheme
JP Morgan’s headline-grabbing ’embrace’ of Bitcoin may not be as groundbreaking as it sounds, because the Wall Street titan isn’t actually touching the crypto itself. A Cautious Step Into Crypto…
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China’s central bank pledges flexible monetary policy to support growth
[BEIJING] China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic conditions to support stable growth. The People’s Bank…
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Six Wall Street bank chiefs hold most power since global crisis
[NEW YORK] The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market value of some…
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US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July [NEW YORK] The US banking…
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Wall Street bonuses expected to hit record as bank profits surge
[NEW YORK] The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring stocks and a return to…
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Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year [LONDON] British lender Lloyds Banking Group on Thursday (Oct 23) announced sliding net profits…
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Indonesia’s central bank surprises with decision to hold rates steady
The overnight deposit and lending rates were also kept at 3.75 per cent and 5.50 per cent [JAKARTA] Indonesia’s central bank unexpectedly held its key interest rate steady on Wednesday,…
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Thailand monetary policy should remain accommodative, central bank minutes show
[BANGKOK] The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings as needed, the minutes of the central bank’s…
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Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
[LONDON] The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to come and the Bank of…
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Europe: Shares recover as easing US bank jitters drive risk appetite
EUROPEAN shares closed higher on Monday, as initial concerns over the stability of the US banking sector eased, while fresh comments from US President Donald Trump helped calm trade tensions, encouraging…
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Shares In French Bank BNP Paribas Plummet After US Verdict
Shares in France’s biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed…
