Banks
South Korea to let investors access won quotes from more banks
SOUTH Korea will allow foreign investors to tap a wider pool of banks for the best won quotes to be used in their stocks and bond transactions to lure...
National Australia Bank’s quarterly profit falls on higher costs
NATIONAL Australia Bank on Wednesday reported a 3 per cent drop in its first-quarter cash profit compared to the quarterly average of the second-half of fiscal 2023, hit by...
Digital banks should count on more than ecosystems, tech to expand in South-east Asia
DIGITAL banks have emerged in South-east Asia as a means to reach out to the underbanked or underserved segments in a cost-effective manner. But strong competition is putting their...
Shareholder returns are at peak for European banks: JPMorgan
EUROPEAN banks’ capital returns to shareholders may have already reached a peak, according to JPMorgan Chase strategists. The prospect of central bank rate cuts this year will reduce earnings...
China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, heeding Beijing’s call to boost lending to the beleaguered...
Unrealistic to fully cut financing to coal companies: Singapore banks
CUTTING all financing for coal companies is unrealistic, said Singapore’s local banks, adding that funding is necessary to ensure the energy transition process is orderly and just.South-east Asian economies...
German property bank’s investor turns short seller as crisis deepens
AN INVESTOR-turned-short seller in Germany’s embattled Pfandbriefbank on Friday (Feb 16) told the company to come clean on the extent of its problem real-estate loans or risk being sucked...
As China woes mount, investment banks brace for more Asia job cuts
JOB cuts at Western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as...
