Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year.…
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Banks
Europe: Stoxx 600 hits one-week low as banks, insurers slide ahead of Fed decision
EUROPEAN shares fell more than 1 per cent at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the run-up to the US Federal Reserve’s highly…
Tencent appoints banks for first bond sale in four years
The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday Chinese technology and mobile gaming giant Tencent Holdings…
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said on…
Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy
A war of words erupted between the prosecution and defence in the Hyflux criminal trial on Sep 3, following a surprise request by Senior Counsel Davinder Singh for correspondence between…
An Old “ANTM” Clip Shows Tyra Banks Questioning A 23-Year-Old Contestant About Her Virginity
“Why was this okay to ask? How is this relevant for her modeling?” one user asked. Someone else echoed, “What does her being a virgin have to do with her being a model???? Like huh,” while…
Singapore key to HSBC’s global wealth strategy, says its bank’s wealth head here
As HSBC undergoes a global overhaul of its operations, Singapore remains a key priority of the bank’s strategy to “future-proof” itself, said Ashmita Acharya, head of international wealth…
China banks pressured by rising loan losses, low margins
China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support the world’s second-largest economy. The lenders, led…
What’s open and closed on Labor Day 2025? Banks, stock markets, schools, USPS, Costco, FedEx, more
Monday, September 1, 2025, is Labor Day, which is one of 12 official federal holidays in the United States. The day is observed on the first Monday of every September. Labor Day celebrates…
Europe: Shares post first weekly loss in four as banks weigh
European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors assessed economic data in the US and the euro zone.…
Chinese banks face profit squeeze as loan growth falters
Top Chinese banks’ first-half results on Friday (Aug 29) will underline the impact of slowing loan growth in a deflationary economy, a piling up of bad loans as defaults by small…
Elizabeth Banks to Play Karen Read in Amazon Limited Series About Murder Trial
Elizabeth Banks will play Karen Read in a limited series about the controversial trial in development at Prime Video and Warner Bros. Television, Variety has confirmed. The series is based…
Russians hoard record US$500 billion in banks lured by high rates
Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings accounts in the wartime economy. Deposits held by…
Australia housing dysfunction mirrored in central bank’s blowout rebuild
When Australia’s central bank resolved to refurbish its 1960s-era Sydney headquarters in 2018, it hardly expected the project would fall victim to the complex construction rules that also…
Mizuho, MUFG join race by Japan’s banks for money manager deals overseas
[LONDON/TOKYO] Japanese banks Mizuho and MUFG are targeting buying or partnering with overseas money managers, they told Reuters, joining other Japanese financial companies aiming for a…
Australia: Shares hit fresh high on mining and banks boost
AUSTRALIAN shares rose to a record high on Thursday, driven by miners and banks, while investors awaited US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on…
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and a heavy flow of new bond sales. In total, banks…
BHP banks on China export resilience and India growth for demand
China’s export resilience and policy support, together with strong growth in India, will underpin future commodity demand despite an uncertain global outlook, according to BHP Group. The…
Finance industry bodies call for changes to crypto rules for banks
A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks to participate in crypto markets. The Basel…
As Hurricane Erin approaches, evacuations are happening in North Carolina’s Outer Banks
Holly Andrzejewski hadn’t yet welcomed her and her family’s first guests to the Atlantic Inn on Hatteras Island when she had to start rescheduling them, as Hurricane Erin neared North…
Klook taps banks for US IPO: sources
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering (IPO) in the US, according to two sources with knowledge of the…
UOB, BOS among banks with rising clients' alternative asset investments as Asia’s rich take shine to sector
More of Asia’s richest are viewing private-market investments as a core part of their portfolios, say senior private bankers. With allocations ranging from the single digits up to 15 per…
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet opulence, his wealth secured in offshore accounts and real…
Monique Billings Talks WNBA Off-court Style, Love for Tyra Banks and More
For the first three years of Monique Billings’ WNBA career, walking onto the basketball court in sweatpants was the norm. But going into her eighth season and being drafted as a forward…