Business
BNP looks past tariff slowdown fears after investment bank boost in Q1
FRANCE’S BNP Paribas reported first-quarter earnings in line with expectations thanks to rising sales at its investment bank, and stuck…
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Bank
Business
Vietnam central bank preparing restructuring plan for troubled lender SCB
Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre…
Business
Another China shadow bank seeks state help as trust sector reels
China’s state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a…
Business
Capital One, Discover deal gets US bank regulators’ nod
US banking regulators said on Friday (Apr 18) they approved Capital One’s US$35.3 billion purchase of Discover Financial Services, paving…
Business
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate…
Business
Thailand kicks off process to pick new central bank governor
Thailand named a panel to pick a new central bank chief, kickstarting a months-long process to find a successor to incumbent governor…
Business
US Fed proposes averaging large bank stress test results to reduce volatility
The US Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday (Apr 17), proposing to…
Business
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage…
Business
'Fake bank app allowed scammers to shake my hand and steal from me'
Nathan Heath BBC West Investigations A man who lost £1,000 worth of tools after being scammed by a fake banking app has said it makes you…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
Bank of Korea holds rate steady after inflation sped up and won wobbled
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and…
Business
Bank of Korea holds rate steady while citing big rise in downside risks
The Bank of Korea kept its benchmark interest rate steady while citing a significant increase in downside risks to growth that have…
Business
Mathieu van der Poel: Person who spat on Dutch cyclist in E3 Saxo Bank Classic fined
In a separate incident, Alpecin-Deceuninck rider Van der Poel was struck by a water bottle while also in the lead alone at Paris-Roubaix…
Business
Morgan Stanley, JPMorgan lead US$16.5 billion bank borrowing spree
Morgan Stanley and rival JPMorgan Chase are raising a combined US$14 billion in the US investment-grade market on Monday (Apr 14), the…
Business
Australia central bank to reconsider policy at May meeting, move not predetermined
Australia’s central bank considered it premature to cut interest rates this month in response to global uncertainty over US tariffs, but…
News
Bank of Japan’s Ueda warns of heightened uncertainty from US tariff policy
) Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to US tariff policy.…
News
‘The Teacher’ Review: A Powerful but Imbalanced West Bank Drama
With her feature debut “The Teacher,” Palestinian British filmmaker Farah Nabulsi attempts to shine a light on the absurd indignities of…
Business
Apple’s iPhone cost could rise 90% if it’s made in US: Bank of America report
It’s possible for Apple to move its iPhone production to the US, but it would almost double the cost of making the device while creating…
Business
China’s central bank asks state lenders to reduce dollar purchases: sources
China’s central bank will not allow sharp renminbi declines and has asked major state-owned banks to reduce US dollar purchases, people…
Business
Bank Indonesia will act boldly to maintain rupiah stability
Indonesia’s central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and…
Business
Malaysia central bank to look beyond interest rates amid tariff challenges
Malaysia’s central bank is looking beyond monetary policy to weather the fallout from US President Donald Trump’s duties, arguing that the…
Business
Swiss watchdog backs UBS plan to limit investment bank amid capital rule debate
The head of Switzerland’s financial watchdog signalled he is in favour of UBS Group’s offer to limit the size of its investment bank,…
Business
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information…
Business
Bank Indonesia intervenes in offshore rupiah ahead of reopening
It will aggressively intervene in the onshore markets too when they reopen on Tuesday Bank Indonesia intervened in the offshore rupiah…