Banks
Yellen urges German banks to boost compliance with US sanctions on Russia
US TREASURY Secretary Janet Yellen urged German bank executives on Tuesday (May 21) to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent...
Deutsche Bank’s private-credit business beefs up team in Asia
DB INVESTMENT Partners is building up its private-credit team in Asia, citing the region’s attractive growth potential and relatively young population.
Chinese banks keep lending rate unchanged after PBOC hold
CHINESE banks left their benchmark lending rates unchanged following the central bank’s decision last week to hold a key rate on loans it offers to lenders.
US regulators reconsider capital hike for big banks
THE Federal Reserve and two other US regulators are moving towards a new plan that would significantly reduce a nearly 20 per cent mandated increase in capital for the...
Deutsche Bank’s risk transfer enables more green mortgages
DEUTSCHE Bank has entered a capital-relief deal with the European Investment Bank (EIB) that allows the German lender to grant discounts on more than 600 million euros (S$877.1 million)...
Japan’s big banks forecast record profits, signal new optimism as domestic rates normalise
JAPAN’S three biggest banks forecast record income in the coming year on Wednesday (May 15), signalling increased optimism about an economy that has only just exited from years of...
Vietnam’s banks face borrowing cost rise as deposits dip
VIETNAM’S banks face higher borrowing costs after deposits in the country’s banking system registered a first monthly decline in more than two years, while inflation is rising.
Banks are responding...
Banks slip on Wednesday as STI falls 1.1%
SINGAPORE stocks closed lower on Wednesday (May 8), with banking stocks among the decliners, as investor sentiment across the region remained cautious. The benchmark Straits Times Index (STI) fell...
Indian banks to step up IT spends as regulatory scrutiny rises
INDIAN banks’ plan to increase their technology spending to around 10 per cent of their operating expenses to keep up with the surge in digital transactions as the central...
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
AUSTRALIA’S “responsible lending” rules have led to longer mortgage approvals without fixing structural problems in the property market, the country’s third-biggest bank by assets said on Wednesday.A housing-affordability crisis,...