banks
[HONG KONG] HSBC Holdings posted a 35 per cent drop in quarterly profit, better than expected, as higher loan loss provisions on the economic fallout from the coronavirus pandemic were cushioned...
[NEW YORK] Bank of China (BOC) plans to expand its headcount in the offshore bond business by 40 per cent as it fights with global banks for a greater slice of a market that's seen a surge in...
[SYDNEY] Australia's Westpac Banking Corp said on Monday it would take an A$1.22 billion (S$1.18 billion) hit to cash earnings in the second half, due mostly to write-downs in the value of its...
THE chief executive officer of Yes Bank, who helped the lender emerge from India's biggest-ever bailout, is girding for fallout from the pandemic.
[NEW YORK] Regulators should extend limits on banks' capital distributions to help protect the financial system in case the global economic recovery proves slow, the International Monetary Fund (...
[NEW YORK] On Wednesday, Wells Fargo & Co told high-earning employees it would stop matching contributions to their 401(k) plans. By Friday, the bank reversed course.
[SAN FRANCISCO] Wells Fargo & Co is exploring a sale of its asset management business, in what would be the US bank's biggest shake-up since former Bank of New York Mellon chief executive...
[NEW YORK] Goldman Sachs Group on Thursday said it was clawing back US$174 million in executive compensation and had agreed to pay US$2.9 billion over its role in Malaysia's 1MDB corruption...
[TOKYO] Mitsubishi UFJ Financial Group (MUFG) is ruling out further job cuts at its brokerage business in Asia after a lengthy overhaul, even as global banks trim headcount during the pandemic....
[TOKYO] Japanese financial firm SBI Holdings and regional lender Towa Bank will conduct a capital tie-up and take small stakes in one another, the Nikkei newspaper reported on Thursday.
[HONG KONG] Damaged and defaced during tumultuous protests at the start of this year, the two bronze lion statues standing guard outside HSBC Holdings' main office in Hong Kong have made their...
