Bank of China delivers 5% gain in profit as margin stabilises
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.…
Tag
Bank
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 China’s central bank will resume buying and selling treasury bonds on the open…
Swiss National Bank likely intervening to weaken franc: UBS
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 SNB…
China’s central bank pledges flexible monetary policy to support growth
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 of…
Six Wall Street bank chiefs hold most power since global crisis
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 US$20 billion. With Citigroup chief…
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 The US banking system’s reserves, a key factor in…
Vance 'insulted' by Israel's Knesset vote to annex West Bank
Vice President J.D. Vance slammed a preliminary vote by the Israeli Parliament that approved the annexation of the West Bank as a "stupid political stunt." Source link
Wall Street bonuses expected to hit record as bank profits surge
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 more dealmaking after a long…
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 British lender Lloyds Banking Group on Thursday (Oct 23) announced sliding net profits as it set aside a…
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 Indonesia’s central bank unexpectedly held its key interest rate steady on Wednesday, surprising…
Thailand monetary policy should remain accommodative, central bank minutes show
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 Oct 8…
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
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 England plans a more…
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial sector and underscoring growing overseas interest…
Europe: Stocks fall as US bank jitters spark flight to safety
European shares fell on Friday (Oct 17), as signs of credit stress at US regional lenders unnerved investors and drove them into safe-haven assets. The continent-wide Stoxx 600 index…
Global bank stocks wobble amid U.S. credit concerns
Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower and reviving memories of the crisis of confidence that shook…
MAS launches initiative to enable settlement of tokenised bank liabilities, well-regulated stablecoins
The BLOOM initivate builds upon the authority’s earlier efforts under Project Orchid The Monetary Authority of Singapore (MAS) on Thursday (Oct 16) announced a new initiative to extend…
Bank of Japan chief signals need for more data in deciding October move
Kazuo Ueda said in a speech earlier this month that US tariffs and economic outlook are key factors Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise…
Malaysia central bank says it will transition to transaction-based benchmark market rates
Malaysia’s central bank said on Thursday that it will transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia Overnight Rate (MYOR) and the Malaysia Islamic…
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-US…
Bank of England will lift stablecoin limits once threat to economy eases
The UK central bank will launch a consultation on the regulation for coins that are deemed systemically important by the end of the year The Bank of England (BOE) will lift proposed limits…
US: Wall St opens higher on positive bank results, chip stocks' rally
Wall Street’s main indexes opened higher on Wednesday (Oct 15), boosted by solid results from major banks, while chipmakers rallied after positive quarterly results from ASML. The Dow…
Bank of America beats profit estimates on dealmaking strength
It reported a net income of US$8.5 billion, or US$1.06 per share, in the three months ended Sep 30 Bank of America beat Wall Street estimates for profit, benefiting from bumper…
Bank Indonesia’s heavy bond buying to continue, analysts say
Although the central bank has cut rates by 1.25 percentage points this year, lending rates at commercial banks have so far declined at a much slower pace Indonesia’s central bank will buy…
Letitia James: NY Attorney General Who Was Indicted on Bank Fraud Charges Listed Her Virginia Home as 'Investment Property', Filings Show
New York Attorney General Letitia James, who has been indicted, reportedly listed her Virginia home as an "investment" property in multiple financial disclosure forms, even though she…