Banks
KKR weighs entering private credit in Japan to challenge banks
KKR is considering entering the private credit market in Japan to provide an alternative to bank loans. “It will be a medium to long-term initiative,” Hiro Hirano, the head...
US banks have a commercial property blind spot, study warns
Large US banks may be more exposed to commercial property than regulators appreciate because of credit lines and term loans they provide to real estate investment trusts, according to...
China Vanke in advanced talks with banks for US$6.9 billion loan
China Vanke, the Chinese state-backed developer that’s become the latest flashpoint in the nation’s property crisis, is in advanced talks with major banks for a loan of about US$6.9...
ECB to impose first-ever fines on banks for climate failures
THE European Central Bank (ECB) is set to take the unprecedented step of imposing fines on several lenders for their protracted failure to address the impact of climate change.As...
Bets on Canada rate cut hold out hope for lagging banks
INVESTORS up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.The S&P/TSX Banks index...
Hyundai adds more banks for possible record India IPO
HYUNDAI Motor has brought in Kotak Mahindra Bank and Morgan Stanley as advisers on a potential initial public offering of its India unit, according to people familiar with the...
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A SCARCITY of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury...
India central bank’s record dividend to government may reduce fiscal gap
THE board of India’s central bank approved a record surplus transfer of 2.11 trillion rupees (S$34.1 billion) to the government for the fiscal year that ended in March, sharply...
