Banks

From airport lounge access to dining deals: How banks can attract customers with travel perks
From airport lounge access to dining deals: How banks can attract customers with travel perks
The global travel industry is witnessing a resurgence, surpassing pre-pandemic levels with an expected 4.7 billion people projected to travel in 2024, according to a December 2023 forecast by...
Chinese banks hold lending rates with yuan under pressure
Chinese banks hold lending rates with yuan under pressure
BANKS in China maintained their benchmark lending rates on Monday (Apr 22), following the Chinese central bank’s recent decision to stand pat on monetary policy.The one-year loan prime rate...
Japan banks’ capital sufficient to withstand stresses, BOJ says
Japan banks’ capital sufficient to withstand stresses, BOJ says
JAPANESE banks have improved their resilience to rising interest rates by rebalancing their domestic bond portfolios, the Bank of Japan said in its semi-annual report on financial systems on...
Philippine central bank’s deputy governor sees upside risks to inflation
Philippine central bank’s deputy governor sees upside risks to inflation
THE Philippine central bank is committed to maintaining price stability as risks to inflation remain on the upside, according to its deputy governor.Inflation may breach Bangko Sentral ng Pilipinas’...
China starts inspections of financial regulators, largest banks
China starts inspections of financial regulators, largest banks
CHINA kicked off new anti-graft inspections of some of its largest state lenders, the central bank and key regulators, the first broad probe since a round in 2021 that...
Barclays, Citi are among banks testing tokenized deposits in UK
Barclays, Citi are among banks testing tokenized deposits in UK
INDUSTRY body UK Finance is expanding its pilot of an experimental shared ledger to track banking payments, hoping to join some of the dots in the nascent world of...
Barclays, Citi are among banks testing tokenized deposits in UK
Barclays, Citi are among banks testing tokenised deposits in UK
INDUSTRY body UK Finance is expanding its pilot of an experimental shared ledger to track banking payments, hoping to join some of the dots in the nascent world of...
Climate investors target Japan’s top banks, this time on board oversight: sources
Climate investors target Japan’s top banks, this time on board oversight: sources
A COALITION of climate groups filed shareholder proposals with Japan’s top three banks, including Mitsubishi UFJ Financial Group, calling for stricter board oversight of climate-related risks, sources familiar with...
US regional banks dramatically step up loans to oil, gas and coal
US regional banks dramatically step up loans to oil, gas and coal
A GROUP of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away.The list of banks includes...
Less than half of US banks ready to borrow from Federal Reserve in emergency
Less than half of US banks ready to borrow from Federal Reserve in emergency
A YEAR after Silicon Valley Bank’s failure, less than half of US banks have established borrowing capacity by pledging collateral at the Federal Reserve’s emergency lending facility, according to...