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California Gov. Gavin Newsom said Wednesday he will deploy National Guard troops to support food banks in November, a move that comes in light of anticipated delays to federal food…
In some cities, as Amazon delivery vans make the rounds with your latest order, they’re also delivering something different—free food to people who rely on food banks. In a program that…
The U.S. stock market seems to be steadying on Friday, as banks recover some of their sharp losses from the day before. The S&P 500 slipped 0.2% in midday trading. The Dow Jones Industrial…
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt Four of Thailand’s largest banks are expected to post sharp declines in…
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape On Wall Street, everyone’s a friendly rival until the losses start. A pair of…
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks Indonesia is considering injecting more liquidity into the country’s state…
This year, Columbus Day, also known as Indigenous Peoples’ Day, lands on Monday, October 13. While it’s a federal holiday and many schools have it off, there are plenty of businesses still…
A GROUP of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore stablecoin-like digital money, marking the latest…
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s major state-owned banks ramped up US dollar buying…
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US dollar, according to Deutsche Bank. Marion Laboure, a…
Rep. Thomas Massie is turning his defiance of President Trump into dollars. Source link
The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next few…
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to…
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising bets on a Federal Reserve rate cut buoyed…
This is for current and savings accounts, including joint ones, with balances of at least S$50,000 In a move to fortify protections against scams, major retail banks in Singapore will…
The new Amsterdam-based company is expected to launch its stablecoin in the second half of next year A consortium of nine European banks, including ING and UniCredit, said on Thursday (Sep…
Loan growth and risk levels will impact capital availability for dividends in Asean Even as the US Federal Reserve and central banks across Asia begin to cut policy rates, analysts from…
Options include capital recycling via Reits, asset-backed securities and private credit funding Asia-Pacific (Apac) data centre operators will look beyond bank funding to recycle capital…
The future of HSBC Holdings is in Asia and the Middle East because of the amount of wealth and the capital flows between the two regions, according to the top executive who heads the…
While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen Toll Group expects its Indian market to rise in prominence in the next five…
After nearly 50 years in the fashion industry, Jeffrey Banks has plenty to unpack. The American designer detailed some of the highlights of his career Thursday night during a “Fashion…
In a move to broaden financing channels for smaller companies, Seoul will introduce security token offerings South Korea rolled out measures aimed at redirecting bank funds from property…
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US Federal Reserve. It was the first easing by the…
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance Just as China’s long bull run for bonds is fading, the nation’s banks have loaded up on…
