Bank
-
HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year [BENGALURU] Hong Kong’s Hang Seng Bank said on Monday (Dec 15) that…
-
‘Not meant to make a big statement’: JPMorgan’s Jamie Dimon on why the bank has shelled out US$4 billion on New York HQ
It’s about the belief in building great spaces for employees in the US, Europe, Asia and elsewhere, says the CEO in exclusive interview with BT [SINGAPORE] What does a “workplace…
-
‘Not meant to make a big statement’: JPMorgan’s Jamie Dimon on why the bank has shelled out US$4 billion on New York HQ
It’s about the belief in building great spaces for employees in the US, Europe, Asia and elsewhere, says the CEO in exclusive interview with BT [SINGAPORE] What does a “workplace…
-
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to clean up the bad debts of four state-owned…
-
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current easing cycle with the economic recovery likely to last…
-
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut [ZURICH] The Swiss National Bank kept its interest rate at zero,…
-
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates [TOKYO] The Bank of Japan (BOJ) sees a…
-
Hong Kong central bank cuts interest rate, tracking Fed move
[HONG KONG] The Hong Kong Monetary Authority (HKMA) lowered on Thursday (Dec 11) its base interest rate charged via the overnight discount window by 25 basis points to 4.0 per…
-
Bank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per cent…
-
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally [LONDON] Barclays is buying a stake in…
-
New Zealand central bank says policy path not preset, guided by inflation outlook
[WELLINGTON] New Zealand’s top central banker said on Wednesday (Dec 10) that there was no preset course for monetary policy and that adjustments would be made if the outlook for…
-
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 interconnected [WASHINGTON] Banks will be allowed to act as intermediaries on…
-
Australia’s central bank holds rates steady, signals no rush to hike
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending [SYDNEY] Australia’s central bank on Tuesday (Dec 9) left…
-
Australia’s central bank holds rates steady, rules out further cuts
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’ [SYDNEY] Australia’s central bank governor Michele Bullock called an end to…
-
Latin American Currencies Gain Favor in Bank of America’s 2026 Outlook as Dollar Expected to Slide
Bank of America expects the U.S. dollar to weaken in 2026 and is recommending investment strategies tied to Latin American currencies, particularly the Brazilian real, according to a foreign-exchange outlook…
