Bank
Bank of England suppressing debate on long-term rates, ex-policymaker says
BANK of England (BOE) governor Andrew Bailey is suppressing a critical debate about where interest rates will settle in a move that may sow confusion about the stance of...
Goldman, Morgan Stanley, Bank of America ask buyers of bank risk to disclose leverage
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use additional debt to invest in significant risk...
Brazil development bank signs deal with AIIB for nearly $3 billion in investments
(Reuters) - Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais...
HSBC asks hundreds of managers to reapply for jobs in bank revamp
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division, as CEO Georges Elhedery continues his hunt...
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020.
The bank failed to...
Singapore proposes anti-scam law to let police order restrictions on bank transfers
SINGAPORE’S police will be able to issue restriction orders limiting banking transactions by individuals who are at risk of falling victim to scams, if a new Bill is passed....
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by...
State Bank of India beats Q2 profit view but lending margin shrinks
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher non-interest income but its lending margin shrank.
The state-run...
