U.S. banks have reaped a windfall from higher interest payments on loans, but commentary from some top executives suggests they could face an uncertain path ahead. Waning demand from borrowers and slowing consumer spending could weigh on bank earnings in […]
For global investors with money in China’s stock markets, the latest economic numbers are not of any comfort and just a reminder that the recovery they are betting on will take a while to happen. Monday’s second-quarter growth figures in China pointed not only […]
German bank regulator BaFin has found that Deutsche Bank (DBKGn.DE), opens new tab had incorrectly disclosed deferred tax assets in its 2019 consolidated financial statement, it said on Tuesday. The bank did not disclose deferred tax assets of 2.076 billion euros ($2.26 […]
A unit of state-owned brokerage China Galaxy Securities (CGS) (601881.SS), opens new tab plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in […]
Assets managed by BlackRock (BLK.N), opens new tab hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company’s exchange-traded funds, the world’s largest asset manager said on Monday. Stock […]
Goldman Sachs (GS.N), opens new tab aims to raise $2 billion in its first Asia Pacific-focused private equity fund, two people with knowledge of the bank’s fundraising plan said, as it looks to deepen exposure to some of the world’s fastest-growing economies. […]
Saudi Arabia is set to enhance private sector cooperation with Thailand as the Southeast Asian nation opens its first Board of Investment office in Riyadh, a top official announced. On the sidelines of a business forum in the Saudi capital, […]
Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified serious failings by Swiss regulatory authorities leading up the bank’s demise, a Swiss newspaper reported on Sunday. Citing sources inside the parliamentary committee […]
China’s central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans. WHY IT’S IMPORTANT The steady medium-term lending facility (MLF) rate was in line with market expectations, as narrowing interest margins at lenders and […]
China’s central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, a Reuters survey showed. While the economy continues to sputter, a […]
