Banks
Citi lays off 10 research staff in Asia-Pacific as part of global revamp: sources
CITIGROUP has laid off at least 10 people in its equities research department in Asia-Pacific this week, two sources with knowledge of the matter said, as the bank pushes...
S&P Global downgrades outlooks on five regional US banks to ‘negative’
RATINGS agency S&P Global on Tuesday (Mar 26) downgraded five regional United States banks to due to their commercial real estate (CRE) exposures, in a move likely to reignite...
UBS to boost Asia-sourced assets to 20% in five to six years: CEO
UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20 per cent in five-to-six years, chief executive Sergio Ermotti said on...
Bonuses shrink at global banks in Japan despite booming markets
BOOMING markets in Japan have swelled the workload for international bankers in Tokyo but one thing has not changed – stubbornly low pay. Compensation in many cases remains a...
Goldman says commodities to benefit as central banks cut rates
COMMODITIES will advance this year as central banks in the United States and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman...
China’s state banks step in to arrest yuan slide after key level breached, sources say
CHINA’S major state-owned banks were seen selling dollars on Friday, two people with knowledge of the matter said, in an attempt to arrest weakness in the yuan after it...
China banks hold lending rates as PBOC refrains from easing
CHINESE banks maintained their benchmark lending rates following the central bank’s recent decision to stand pat on monetary policy. The one-year loan prime rate (LPR) was held at 3.45...
Top Japan banks weigh first rate-hikes on ordinary deposits in 17 years
MIZUHO Financial Group said on Tuesday (Mar 19) it plans to raise interest rates on ordinary yen deposits for the first time in 17 years after the Bank of...
