European stocks hit another record close as banks, miners lead
EUROPEAN stocks logged a second consecutive record close on Tuesday, lifted by banks and commodity-linked shares, although gains were capped by thin, year-end trading. The pan-European…
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Banks
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation Mitsui OSK Lines (MOL) has signed a project finance agreement with a…
Ayushmann Khurrana Banks on Family Entertainment With Four-Film Slate Following ‘Thamma’ Success (EXCLUSIVE)
Bollywood star Ayushmann Khurrana is riding high on the success of “Thamma,” his first festive release that crossed the INR 100 crore mark ($11.1 million) at the box office, marking his…
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks for a Hong Kong initial public offering that may…
Visa offers stablecoin settlement for US banks using Circle’s USDC
Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration.…
Airline Caterer Gategroup said to pick banks for Zurich IPO
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon as the second half of next year, people familiar…
Europe: Stocks recover, banks lead; ECB decision, US data in focus
EUROPEAN shares ended higher on Monday in broad-based gains led by banks, kicking off a week packed with central bank decisions and delayed US economic data on a positive note, as…
China shadow bank’s missed payments show growing property stress
The recent trouble in Zhejiang is a reminder that the problem never fully went away A US$3 billion redemption crisis in eastern China is reviving concerns about the loosely-regulated…
Sen. Jim Banks predicts Trump's redistricting foes face tough primary cycle in Indiana
Sen. Jim Banks warned Sunday that Indiana Republicans who thwarted President Trump's push for a new redistricting map will pay for it in the spring GOP primary. Source link
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate Crypto giants, including Ripple and Circle, on Friday (Dec 12)…
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected Banks will be allowed to act as…
Firewood Banks Aren’t Inspiring. They’re a Sign of Collapse.
Most articles about wood banks wrap them in the same tired language. Community spirit. Rural generosity. Neighbors helping neighbors. It’s the kind of coverage you get when journalists…
Hong Kong exchange, regulator ask banks to maintain quality of IPO applications
The Hong Kong securities regulator and the stock exchange said that they have jointly asked investment banks to ensure that they maintain the quality and standard of initial public…
Hong Kong asks investment banks to ensure IPO applications maintain standards
More than 300 companies have filed to list in the city, most of them from mainland China Investment banks preparing Hong Kong initial public offering (IPO) applications have been asked to…
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since 2020 China’s crackdown on borrowing by local…
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International Accounting Standards Board (IASB) on Wednesday (Dec 3)…
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin…
Saudi National Bank’s US$1 billion loan adds to Middle East spree
Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping finance a US$2 trillion economic overhaul. DBS Bank and…
BOE cuts banks’ benchmark capital requirements ahead of review
The Bank of England has cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signalled a consultation that could free up extra lending and…
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22% Amazon is preparing to offer loans to small businesses in India, while…
Black Friday 2025: Are banks, stock markets open or closed? And when do store sales start at Walmart and Target?
The day after Thanksgiving is a holiday in itself for retailers. Historically, Black Friday has been a time when shoppers wake up early and head to stores for the best deals of the year.…
What’s open and closed on Thanksgiving Day 2025? Stores, banks, stocks, groceries, pharmacies
Thanksgiving is a beautiful day filled with family, loved ones, and good food. All that merriment takes copious amounts of labor and planning ahead. It is almost inevitable that something…
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global risk appetite, while financials also found support…
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing Three…