Banks
ECB started issuing fine notices to banks not meeting climate expectations
THE European Central Bank has started issuing fine notices to lenders not meeting its long-defined expectations on disclosing and managing climate risk, Irene Heemskerk, the head of the ECB’s...
KKR, GIC hire banks to sell stakes in US$3.2 billion Metro Pacific Health, sources say
The two hold an 80% stake in the private hospital group, and Metro Pacific Investments owns the restGLOBAL investment company KKR and Singaporean sovereign wealth fund GIC have appointed...
China to boost capital at mega banks for first time in a decade
CHINA is planning to recapitalise its biggest commercial lenders for the first time in more than a decade, seeking to strengthen the industry battling with record low margins, sinking...
Banks should spend as much time on their people as on data, tech: HSBC’s Tancy Tan
She says that one of her main focuses at work is to build a workforce that is skilled, adaptable and mentally resilient to changesTANCY Tan has spent her entire...
European banks are factoring climate risks into loans, says ECB
EUROPEAN banks are factoring climate risks into the terms of mortgages they grant, although they do not fully grasp the potential costs, according to their top regulator.The European Central...
Central banks may face volatile inflation for years to come: ECB’s Lagarde
PROFOUND shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is still the best option,...
Philippine central bank cuts banks’ reserve requirement ratios from Oct 25
The reserve requirement ratios (RRR) for universal and commercial banks will be cut by 250 basis points to 7%The Philippine central bank said on Friday (Sep 20) it will...
China’s banks maintain key lending rates as PBOC stays on pause
CHINESE banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.The one-year loan prime rate...
