Financial Industry News
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Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0806 GMT – Singapore 's retail sales momentum is likely to moderate through 2026, RHB Bank's Barnabas Gan says in a…
JB Financial enters Indonesia, eyes EV finance as new growth engine
JB Financial Group won regulatory approval to acquire a majority stake in an Indonesian finance company, completing a key step toward establishing a foothold in Southeast Asia's largest economy, the company said Monday. The Indonesian Financial…
HK advances low-carbon transition with new green finance prototype and accelerator
Hong Kong Taxonomy for Sustainable Finance will launch its prototype Phase 2B during the Green Week to further improve the city's low-carbon future, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu. SCROLL TO CONTINUE…
Green lift: Hong Kong widens finance taxonomy to spur transition capital
Hong Kong unveiled an expanded sustainable finance taxonomy as the city kicked off its annual Green Week on Monday, broadening the range of economic activities recognised as green or transition. The Hong Kong Monetary Authority (HKMA) launched a…
HKMA debuts Phase 2B sustainable finance taxonomy for net-zero push
The Hong Kong Monetary Authority unveiled the Phase 2B prototype of the Hong Kong Taxonomy for Sustainable Finance on Monday for public consultation, broadening green and transition activities coverage and refining the assessment framework. SCROLL…
China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
A host of state lenders and insurers will get a combined 360 billion yuan ($53.6 billion) from state institutions, led by the Ministry of Finance and the country's tobacco giant. It is the first time that Beijing has extended recapitalisation to…
France and Korea Launch $1.16 Billion Screen Industry Financing Partnership at Lumiere Summit
France and Korea have each pledged €500 million ($581 million) to a joint initiative designed to strengthen the global screen industries, with the first funding instruments deploying from 2027 through 2031. The Lumière Partnership…
China's capital injection a first step to easing financial strains: analysts
Beijing's planned 360 billion yuan (US$54 billion) capital injection into eight state-owned financial institutions is a step in the right direction, but further fiscal support is needed to revive credit demand and ensure the fresh capital is put to…
Fairfax Said to Exit IIFL Finance Before Likely IDBI Bank Deal
Blackstone Inc. is among global investment firms in the fray to buy a stake in mid-sized Indian shadow lender IIFL Finance Ltd., just as Fairfax Financial Holdings Ltd. looks to exit from the company, according to people familiar with the matter.
Carbon credit financing emerges as Africa's biggest bet for expanding clean cooking
Every morning, Mary Kavutha prepares breakfast for her two young children using an induction cooker in her Nairobi home. Two years ago, the businesswoman relied on a charcoal stove that filled her kitchen with smoke and cost about $1.15 in fuel…
China prepares £40bn stimulus for financial sector amid fears over sluggish growth
China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said they were due to receive billions of yuan in capital…
China jails former senior finance official for bribery
BEIJING: A Chinese court sentenced a former senior finance official to life in prison on Monday (Sep 7) for bribery, finding him guilty of illegally amassing the equivalent of nearly US$14 million. Wang Jianjun, 58, served as vice-chairman of the…
PGIM Jennison Financial Services Fund Q2 2026 Commentary (Mutual Fund:PFSAX)
The PGIM Jennison Financial Services Fund outperformed the 9.4% return of the S&P Composite 1500 Financials index for the quarter. Relative outperformance was largely driven by capital markets. The largest detractors were consumer finance, mortgage…
Finance stocks' biggest August movers: Robinhood rallies 36% as Aon, PayPal sink
The financial sector posted a modest gain over the past month and slightly outperformed the broader market. The Financial Select Sector SPDR Fund (XLF) delivered a 0.54% price return, compared with a 0.11% gain for the S&P 500 (…
IFAD, Bank of Kigali seal $21m deal to unlock finance for farmers' organisations
The International Fund for Agricultural Development (IFAD), Bank of Kigali and Aceli Africa have partnered to strengthen agricultural financing in Rwanda through a new agreement aimed at improving access to finance for farmers' organisations and…
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