Banking Industry News

A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

businessinsider.com - Aaron Weinman - 4 minority-owned banks lay out how diversity initiatives are helping them get a bigger slice of Wall Street's investment-banking pie
4 minority-owned banks lay out how diversity initiatives are helping them get a bigger slice of Wall Street's investment-banking pie
Business Insider

Diverse banks are strong in municipal bonds, but now these firms are eyeing corporate America. As social-justice issues gather steam, Wall Street is keen to be on the 'right side of history.' Minority-led firms have had limited chances in the…

ft.com - John Dizard - Easy money might be over in US mortgage banking boom
Easy money might be over in US mortgage banking boom
Financial Times

Not many people have fond memories of 2020. Except those in the US residential mortgage banking trade, which had an exceptional year for profits, pay and employment. Americans tend to think entitlements are for the poor or elderly, forgetting that…

bloomberg.com - Suttinee Yuvejwattana - Bank of Thailand Unfazed by U.S. Currency Watchlist Inclusion
Bank of Thailand Unfazed by U.S. Currency Watchlist Inclusion
Bloomberg

Bank of Thailand vows commitment to exchange-rate flexibility Hit to tourism means current account surplus narrowing: BOT Photographer: Brent Lewin/Bloomberg Explore what's moving the global economy in the new season of the Stephanomics podcast.

reuters.com - Julie Zhu - EXCLUSIVE China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
EXCLUSIVE China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
Reuters

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny…

wsj.com - Jing Yang - WSJ News Exclusive | Citigroup Refocuses Asia Strategy as It Pulls Back From Consumer Banking
WSJ News Exclusive | Citigroup Refocuses Asia Strategy as It Pulls Back From Consumer Banking
Wall Street Journal

HONG KONG—As Citigroup Inc. moves to shed most of its consumer banking operations across Asia, it is planning to scale up what it sees as a more-lucrative endeavor: serving the rising number of wealthy entrepreneurs and their businesses in…

japantimes.co.jp - Brian Chappatta - Fintech uprising will define post-pandemic banking
Fintech uprising will define post-pandemic banking
The Japan Times

One thing that quickly became apparent after the onset of the COVID-19 pandemic and the fleeting collapse in financial markets is that big U.S. banks, the villains of the previous crisis, were determined to be the good guys this time around. No job…

newindianexpress.com - Express News Service - COVID-19 effect: Banks, industry bodies seek further relief over non-performing assets
COVID-19 effect: Banks, industry bodies seek further relief over non-performing assets
The New Indian Express

Express News Service | Published: 17th April 2021 09:09 AM NEW DELHI: Banks, battered by the pandemic last year, are bracing for more pain after the imposition of lockdown-like curbs by several states in response to rising COVID-19 infections.

tribune.com.pk - World Bank sets tough loan terms
World Bank sets tough loan terms
The Express Tribune

ISLAMABAD: The World Bank has set tough conditions for $1.5 billion lending such as increase in electricity rates, introduction of new power and tax policies, putting the government in a tight spot that is already seeking a review of the…

bloomberg.com - Craig Stirling - ECB Debates How to Get Back to the Future After Virus: Eco Week
ECB Debates How to Get Back to the Future After Virus: Eco Week
Bloomberg

Central banks in Canada, Russia, Israel, Indonesia also meet Weekly take on events in the world economy and their fallout Photographer: Jason Alden/Bloomberg Europe's late but accelerating vaccination push is allowing monetary officials to begin…

reuters.com - Julie Zhu - Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
Reuters

HONG KONGHONG KONG (Reuters) - Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a…

mb.com.ph - Lee C. Chipongian - BSP issues rules on banks' 'reputational risk' handling
BSP issues rules on banks' 'reputational risk' handling
Manila Bulletin

A Bangko Sentral ng Pilipinas (BSP) new guidelines are providing banks with the capability to control and manage hits and threats to their reputation as trusted financial institutions and to avoid triggering systemic risks amid the still raging…

forbes.com - David Phelan - Apple iOS 14.5: The Latest iPhone Upgrade Is Going To Be Awesome
Apple iOS 14.5: The Latest iPhone Upgrade Is Going To Be Awesome
Forbes

When the next Apple iPhone software, iOS 14.5, is released, it will have a bunch of new features. One, the ability to unlock your iPhone fast using your Apple Watch, is extremely cool, and in these mask-wearing days, can't come soon enough. MORE…

forbes.com - Enrique Dans - What Coinbase's IPO Tells Us About The Future Of Cryptocurrencies
What Coinbase's IPO Tells Us About The Future Of Cryptocurrencies
Forbes

Coinbase 's highly successful IPO on April 14 marks a turning point in the markets' perception of cryptocurrencies and the environment they operate in, described by The New York Times as “ crypto coming out party.” The company closed…

ft.com - Katrina Manson in Washington - Biden shows he will wield US financial system as foreign policy weapon
Biden shows he will wield US financial system as foreign policy weapon
Financial Times

By using American banks as a cudgel against Russia, Joe Biden has shown his willingness to weaponise the US financial system against foes, continuing a tactic honed during the Obama years and dramatically ramped up under Donald Trump. Biden's…

ghanaweb.com - Cal Bank and Fan Milk extend stock market gains
Cal Bank and Fan Milk extend stock market gains
GhanaWeb

The benchmark index advanced by 3.11 points (+0.14%) due to upward price movements in Cal Bank (+7.81%) and Fan Milk (+0.91%) to close at 2,305.10 with a year-to-date return of 18.72%. The market capitalization was up 0.06% to close at…

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