Banks’ 1Q earnings in line with expectations
Earnings for the banking sector in the first quarter of 2024 (1Q24) have come in broadly in line with analysts’…
Category: Banking
Citigroup starts targeting growth in mid-cap firms
Tokyo: Citigroup Inc is seeking to strengthen its business with medium-size companies in Japan as the Wall Street bank accelerates…
BOJ to forgo July rate hike, taper US$152bil per year, says ex-policymaker
TOKYO: The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annually in…
China cbank leaves key policy rate unchanged as expected
SHANGHAI/SINGAPORE: China's central bank left a key policy rate unchanged as expected on Monday when rolling over maturing medium-term loans,…
Fuel subsidy revamp a dampener on loan growth
PETALING JAYA: The banking sector is anticipated to come under pressure and post slower loan growth this year amid weaker…
Rising scrutiny of family offices and hedge funds
The Singapore authorities are demanding more information from family offices and hedge funds while stepping up closures of dormant firms…
BNM to revamp its fund for SMEs deployment
KUALA LUMPUR: Bank Negara Malaysia (BNM) is set to revamp its Fund for Small and Medium Enterprises (SMEs) to better…
Banks probe rich clients after laundering case
SINGAPORE: Citigroup Inc, DBS Group Holdings Ltd and other banks caught up in Singapore’s biggest money-laundering scandal are ramping up…
OCBC going bigger on tech as it looks to support Chinese firms
SHENZHEN: OCBC Bank’s plan to expand its software engineering team will give a leg up to the lender’s corporate banking…