Banking Industry News
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4 minority-owned banks lay out how diversity initiatives are helping them get a bigger slice of Wall Street's investment-banking pie
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…
Easy money might be over in US mortgage banking boom
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…
Bank of Thailand Unfazed by U.S. Currency Watchlist Inclusion
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.
EXCLUSIVE China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
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 News Exclusive | Citigroup Refocuses Asia Strategy as It Pulls Back From Consumer Banking
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…
Fintech uprising will define post-pandemic banking
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…
COVID-19 effect: Banks, industry bodies seek further relief over non-performing assets
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.
World Bank sets tough loan terms
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…
ECB Debates How to Get Back to the Future After Virus: Eco Week
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…
Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure - sources
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…
BSP issues rules on banks' 'reputational risk' handling
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…
Apple iOS 14.5: The Latest iPhone Upgrade Is Going To Be Awesome
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…
What Coinbase's IPO Tells Us About The Future Of Cryptocurrencies
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…
Biden shows he will wield US financial system as foreign policy weapon
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…
Cal Bank and Fan Milk extend stock market gains
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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