Banks
Singapore’s STI lifted by three banks, ends up 1.2% on Monday
THE Straits Times Index ended Monday (Sep 9) at 3,496.53 points, up 1.2 per cent or 42.06 points, thanks to upward movements at all three local banks.OCBC was the...
Thai electric vehicle sales set to miss target as banks tighten car loans
Thailand’s electric vehicle (EV) sales are set to miss targets this year as lenders turn more cautious in sanctioning new car loans with the nation’s household debt hovering near...
UK banks brace for possible tax hikes as Budget nears, sources say
UK-based banks are stepping up lobbying efforts against possible tax hikes in the government’s inaugural Budget on Oct 30, amid mounting worries it may tap the cash-rich sector to...
China’s mega banks deliver on dividend pressure as profits fall
CHINA’S biggest lenders heeded calls from regulators to boost dividends and support markets even as earnings are under pressure from falling interest rates.
The world’s largest lender by assets,...
Europe’s booming banks set to make record 50b euros in payouts
Europe’s biggest lenders are on track to return just over 50 billion euros (S$72 billion) to shareholders for the first time ever, highlighting just how big of a boost...
Europe’s booming banks set to make record 50b euros in payouts to shareholders
Europe’s biggest lenders are on track to return just over 50 billion euros (S$72 billion) to shareholders for the first time ever, highlighting just how big of a boost...
Silicon Valley Bank’s Chinese partner buys out stake in joint venture
SILICON Valley Bank’s (SVB) Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a...
Germany’s struggling economy starts to take toll on its banks
Risk provisioning by the country’s largest lenders rose almost 50% in the first half of the yearGermany’s banks are starting to feel the pinch from the stagnating economy.Risk provisioning...
