Banks
China orders small banks to curtail wealth management business, sources say
The latest instruction also requires some small banks to reduce their wealth management business activities by the end of this yearChina’s banking regulator has given small banks a 2026...
Chinese banks hold lending rates following PBOC’s caution
CHINESE banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing.The one-year loan prime rate (LPR) was maintained...
Japan’s regional banks are pressured to cut cross-shareholdings
SOME of Japan’s regional banks are coming under pressure at their annual general meetings (AGMs) to show progress in cutting their cross-shareholdings. Institutional Shareholder Services, a US voting advisory...
More central banks to increase gold reserves within 12 months
More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and...
Europe: Shares inch up as banks, tech rebound; Topdanmark shines
EUROPEAN shares closed marginally higher on Monday, with banks and technology stocks rebounding from losses last week after markets were startled by political uncertainty in France, while Danish insurer...
Leading Banks and Credit Unions rely on MeridianLink to Advance their Digital Progression
For more than 25 years, MeridianLink has been a leading provider of modern software platforms for financial institutions and consumer reporting agencies. Their technology helps address some of the...
Indian banks to ask regulator to not raise provisioning for infra loans: sources
The Indian Banks’ Association (IBA) will ask the central bank to keep provisioning for infrastructure project loans unchanged, in its feedback to the latter’s recent proposal to raise the...
Europe: Shares end lower as French political tremors rattle banks
EUROPEAN shares closed lower on Tuesday, with banks across the continent falling as investors fretted over political uncertainties in France while bracing for the US Federal Reserve’s monetary policy meeting...
