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Bank of England governor Bailey warns banks against issuing own stablecoins
The governor is also chair of the Financial Stability Board, which is responsible for monitoring risks in financial markets globally Bank…
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Banks
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Banks critical to help companies in more protectionist global economic order: Gan Kim Yong
Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister…
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Big US banks expected to ace stress tests, boost dividends
The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can…
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Australia: Banks, miners lift stocks; Trump’s Iran-Israel truce announcement boosts sentiment
RALIAN shares rose on Tuesday, led by gains in banks and miners, as US President Donald Trump’s announcement of the Iran-Israel ceasefire…
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Montage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Chinese chip designer Montage Technology…
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Central banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of…
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MOF says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
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Deutsche Bank's deal-making business weaker than expected, CEO says
He says deals will be delayed, not cancelled, on the back of the US’ tariff policies Deutsche Bank’s origination and advisory business is…
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Banks want staff back at the office. There aren’t enough desks
Five years after the Covid pandemic fuelled an unprecedented boom in remote work, bank executives have become ever more vocal in their…
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Nasdaq CEO says IPO demand boosted despite tariff worries, banks on Texas boom
Exchange operator Nasdaq is holding active talks with companies considering stock market debuts, CEO Adena Friedman said on Thursday,…
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China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…
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Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May…
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Asian banks see big boost to wealth business as currencies rally
A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US…
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Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
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Australia shares hit near two-month high on boost from banks
AUSTRALIAN shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in…
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Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…
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Indonesia’s state banks eye bigger share of growing wealth market in Singapore
Bank Negara Indonesia (BNI) and Bank Mandiri, Indonesia’s state-owned banks, are pulling out all the stops to make their mark in…