Trump, Fed chief Powell bicker during tense central bank visit
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the central bank after ramping up his attacks on its…
Tag
Bank
Deutsche Bank posts better-than-expected Q2 profit
Deutsche Bank returned to a better-than-expected profit in the second quarter from a year ago despite mixed results at its global investment banking division and a hit from the…
Deutsche Bank beats profit expectations despite deal slump, strong euro
Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset mixed results at its global investment banking…
Bank of Japan watchers still predict next rate hike in October or January
Bank of Japan (BOJ) watchers increasingly expect authorities to raise the benchmark interest rate either in October or January, according to a Bloomberg survey conducted before US…
Bank of America to buy back US$40 billion of shares in new programme
The announcement follows buyback plans from some of the biggest US banks after they passed this year’s US Federal Reserve stress tests Bank of America announced a new US$40…
PNC taps Coinbase to create crypto trading offering for bank customers
The banking industry has fiercely resisted accusations that it denies services based on ideological reasons Bank is working with cryptocurrency exchange Coinbase to offer…
Thai Cabinet approves Vitai Ratanakorn as next central bank chief
Thailand’s cabinet on Tuesday (Jul 22) gave its approval for Vitai Ratanakorn to be the next governor of the Bank of Thailand, a government official said. The appointment of…
Instead of being a universal bank across Asean, CIMB wants to have niche in each market: group CEO
CIMB wants to find its niche in each of the markets it operates in, instead of trying to serve every customer segment across Asean, said group chief executive officer Novan Amirudin. The…
Deutsche Bank sees 30-year yield up by half point on Powell exit
The potential ouster of Federal Reserve chair Jerome Powell by US President Donald Trump would drive the 30-year Treasury yield higher by more than half a percentage point, according to…
Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them
Cantor Fitzgerald, a financial services company led by the sons of US commerce secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature…
Gold steady as investors await US trade updates, central bank meetings
GOLD prices were little changed on Monday as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the US Federal Reserve’s policy…
IPCG accuses Deutsche Bank of breaching agreement, files lawsuit
Asset manager Invest Partners Capital Group (IPCG) is suing Deutsche Bank for allegedly breaching a contractual agreement governing their external asset management arrangement, according…
G20 finance chiefs back central bank independence in first communique since October
[DURBAN, South Africa] Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost cooperation in a communique they issued on…
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank” to soak up the financial hub’s soured…
Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse
"What I imagine is going on here is that should this become a new chartered bank … the bank would be providing this ‘cash in, obfuscated crypto out’ type of a product that would allow…
US: S&P 500, Nasdaq open higher after inflation data; focus on bank earnings
The Nasdaq and the S&P 500 opened higher on Tuesday (Jul 15) after fresh inflation data, while banking heavyweights kicked off the second-quarter earnings season. At 09.30 am ET,…
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial Group (SMFG) is considering making an…
Thailand to pick rate-cut advocate Vitai Ratanakorn as central bank chief
Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, sources familiar said, selecting an advocate of aggressive interest rate cuts to help…
BOJ finishes offloading bank stocks, bringing focus to ETFs
The Bank of Japan (BOJ) finished selling millions of US dollars of stocks it bought from besieged banks during a domestic banking crisis in the early 2000s and the later Lehman Shock,…
Bank of Japan is said likely to consider raising inflation forecast
The central bank will update its quarterly outlook report at the end of its meeting on Jul 31 Bank of Japan (BOJ) officials are likely to consider raising at least one of their…
Bank of Japan likely to consider raising inflation forecast: sources
The central bank will update its quarterly outlook report at the end of its meeting on Jul 31 Bank of Japan (BOJ) officials are likely to consider raising at least one of their…
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 of England governor Andrew Bailey has…
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump’s tariff announcements, with the…
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking. When JPMorgan Chase, Citigroup and Wells Fargo kick…