Eurozone banks are vulnerable to US funding squeeze: ECB
The growing dependence on US dollars and the stronger link between banks and non-banks pose risks to the eurozone’s financial system EUROZONE financial institutions are increasingly using…
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Banks
Chanel Maya Banks: Family of Missing 'Gossip Girl' Actress Claim Woman Found Is Not Her but Imposter
The family of Chanel Maya Banks, the actress who reportedly went missing two weeks ago, have claimed that she has not been found, despite police saying she was located safe and unharmed.…
Gossip Girl Actress Chanel Maya Banks Found Safe After Mysteriously Disappearing for Two Weeks
Actress Chanel Maya Banks, known for her roles in Gossip Girl, Blue Bloods, and Twelve, has been found safe after vanishing from her Los Angeles home for two weeks. The Los Angeles Police…
Singapore banks lead STI rally to 17-year high; index up 1.4%
THE Straits Times Index (STI) continued to rally on Friday (Nov 8), hitting a 17-year high. It was up 1.4 per cent or 50.88 points at 3,724.37. Across the broader market, advancers…
Hot stocks: UOB adds S$4 billion to value as Singapore banks break share price ceilings
SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). As at…
‘I would do it differently, if I were to do it again’: Outgoing DBS CEO on bank’s tech capabilities
OUTGOING DBS chief executive Piyush Gupta would have done things differently if he were given another chance to build the bank’s technology capabilities. Gupta’s 15-year tenure as head…
US banks to gain from looser capital, merger policies under Trump
THE banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who are expected to ease capital rules and merger…
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to boost the economy, according to sources familiar with…
From banks to small-caps, Trump win sparks big rally in stocks
Donald Trump’s return as US president for the second time on Wednesday (Nov 6) boosted equity markets on bets of lower corporate tax, favourable tariffs and deregulation, lifting shares of…
Banks tout all-night US credit trades as election results come in
BANKS are gearing up for late-night US credit trades as results trickle in from presidential and legislative elections that could impact company profits. JPMorgan’s derivatives trading…
German banks start to cut US office loan exposure that caused bond turmoil
German banks are cutting legacy US office loan exposure after concerns about commercial real estate (CRE) losses led to a plunge in bond and equity prices in February. Deutsche Bank is…
Europe: Stoxx 600 jumps 1% as banks lead market rebound, US election in focus
EUROPE’S main stock index notched its biggest one-day gain in five weeks on Friday (Nov 1), as banks led an overall market rebound after recent declines, with investors assessing economic…
Saudi Arabia’s PIF signs MoUs worth up to US$51 billion with Japanese banks
SAUDI Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall US$51…
Strong wealth segment likely to boost Q3 earnings at Singapore banks: analysts
They expect local lenders to continue posting stable results amid lower net interest margins STRONG wealth management fees are likely to have continued boosting earnings at the three local…
Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions must have real-time fraud surveillance
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the shared responsibility framework…
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule aimed at fuelling more competition for financial…
ABS partnership outlines best practices for anti-money laundering audits in banks
THE Association of Banks in Singapore (ABS) has launched Singapore’s first industry-led best practice paper to enhance anti-money laundering/countering the financing of terrorism (AML/CFT)…
DBS CEO says only half of banks are making enough AI and tech progress
THE head of Singapore’s biggest lender said only about half of the banking industry has made sufficient progress in transforming their businesses to embrace digitalisation and artificial…
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they rushed to salvage record low margins amid weakened…
Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses. Client assets at retail brokerage Charles Schwab and the…
Italy approves tight budget partly funded by a levy on banks and insurers
ROME (AP) — Italy’s far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks…
Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
(Bloomberg) -- Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to…
Boeing enters US$10 billion credit agreement with banks amid crippling strike
BOEING said on Tuesday (Oct 15) it has entered a credit agreement worth US$10 billion with a consortium of banks, as the US planemaker readies financing sources amid a crippling strike and…
State Bank of India talent emerges high-yield asset for pvt sector banks
Premium Photo Credit: Ruby Sharma 3 min read Last Updated : Oct 13 2024 | 11:45 PM IST In the past six months, at least three former State Bank of India (SBI) executives have been…