Banks
Singapore banks set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Asian banks see big boost to wealth business as currencies rally
[HONG KONG, SINGAPORE] A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US dollar-denominated assets and demand...
China central bank governor says will cut banks’ reserve requirement ratio
Published Wed, May 7, 2025 · 09:42 AM — Updated Wed, May 7, 2025 · 09:52 AM[BEIJING] China’s central bank governor said on Wednesday the bank would cut the...
National Australia Bank’s first-half cash earnings up 1% on lending volume growth
Published Wed, May 7, 2025 · 06:49 AMNATIONAL Australia Bank, the country’s biggest business lender, said on Wednesday its first-half cash earnings rose 1 per cent, helped by growth...
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering...
Australia shares hit near two-month high on boost from banks
AUSTRALIAN shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in gold-related stocks.The S&P/ASX 200 index rose 0.5 per...
Goldman sees central banks buying more renminbi, won, Singapore dollars
[SYDNEY] South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according...
Indonesia’s state banks eye bigger share of growing wealth market in Singapore
[JAKARTA] Bank Negara Indonesia (BNI) and Bank Mandiri, Indonesia’s state-owned banks, are pulling out all the stops to make their mark in Singapore’s competitive wealth management sector.This comes as...
