Banks
Banks poised to seize more buildings in Hong Kong, PwC says
BANKS are expected to take more enforcement actions on distressed buildings amid Hong Kong’s property market downturn, according to PricewaterhouseCoopers (PwC). That’s based on the estimate of the firm’s...
US banks tumble as weak economic data sparks recession fears
US BANK stocks slumped on Monday (Aug 5) as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and towards...
Silicon Valley Bank’s former owner gains approval to end bankruptcy
SVB Financial Group, the former owner of failed Silicon Valley Bank (SVB), received a US judge’s permission on Friday (Aug 2) to turn over its assets to creditors and...
China regional banks exposed to bond reversal as PBOC sales loom
CHINA’S regional lenders are facing growing risks in the nation’s US$4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the...
Stable Q2 results for Singapore banks unlikely to beat Q1’s outperformance, but dividend yields remain attractive: analysts
DBS, OCBC and UOB are likely to post resilient, if unspectacular, earnings ahead of impending rate cuts – but it will be difficult to beat the first quarter’s robust...
Indian banks selling retail loan portfolios as deposits lag
INDIA’S private banks are selling portfolios of retail loans as regulators pressure them to improve credit-deposit ratios.
India’s largest lender, HDFC Bank, sold a 50 billion rupee (S$802 million) loan...
China banks trim deposit rates to bolster record-low margins
INDUSTRIAL & Commercial Bank of China (ICBC) and Agricultural Bank of China lowered rates on some deposit products, easing pressure on profit margins following earlier cuts to lending rates.ICBC...
Deutsche Bank’s profit streak ends with big lawsuit provision
DEUTSCHE Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros (S$1.9 billion) as a provision for a protracted investor lawsuit...
