Japans largest lender MUFG logs 6% growth in third-quarter profit
Japan’s Mitsubishi UFJ Financial Group (MUFG) booked a 6 per cent rise in third-quarter net profit, it said on Wednesday (Feb 4). The banking group generated 520.6 billion yen…
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Lender
Olam advances 32.4% stake sale of port operator following key lender approvals
Olam Group said it has “made progress” in securing approvals from different lenders to Arise P&L for the proposed divestment of its 32.4 per cent stake in the port and logistics operator.…
Indonesia mulls moving up to 10 trillion rupiah per lender to regional banks to boost growth
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…
Barclays latest British lender to quit climate banking alliance
The NZBA lists more than 100 members on its website, including leading international financial institutions Barclays has become the latest British lender to quit the Net Zero…
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter…
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter through March…
Vietnam central bank preparing restructuring plan for troubled lender SCB
Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre of the country’s biggest financial fraud…
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a lid…
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net interest income (NII) and strong performance of fees,…
Australian lender ANZ launches structural overhaul amid regulatory woes
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday (Oct 30) as it sought to address…