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Commerzbank to cut 3,000 jobs in bid to hit profit targets, as it fends off UniCredit takeover

Middle Eastern banks tap China growth by beefing up presence in Hong Kong

Sumitomo Mitsui Trust Bank targeting US$500 million for new aircraft lease fund

Citigroup targets hedge funds, private equity in FX growth push

OCBC shares up as much as 3.1% after estimate-beating Q1 profit

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S&P Global downgrades ASX after Australian regulator finds governance, risk failures

It downgraded the long-term issue rating on ASX debt to “A+” from “AA-”

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Macro hedge funds hammered in China as Bridgewater loses 5.6%

Markets have recovered in recent days on optimism over further US-Iran talks

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Singaporeans can now buy record amount of yen per Singdollar

The Japanese yen slid to a fresh low against the Singapore dollar, giving Singaporeans the most yen per Singdollar in over a...

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War’s impact on firms goes beyond energy costs: Fed’s Beige Book

A growing number of officials are concerned the war could fuel inflation

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Wall Street banks cut more than 5,000 jobs even as they notch record profits

The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less

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Bank of America profit rises as trading shines

Sales and trading revenue rose 13% to US$6.4 billion in the first quarter

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DBS deepens Hong Kong bet with US$334 million purchase of six floors at The Center

Singapore’s DBS deepened its bet on the Hong Kong wealth market on Wednesday (Apr 15), with its local unit purchasing...

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SoftBank lenders ask more banks to join US$40 billion OpenAI loan

Those interested are required to commit around US$5 billion each, add sources

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OCBC to train wealth advisers using generative AI

Training is previously done by supervisors who had to coach up to 10 staff

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US prosecutors made unannounced visit to Federal Reserve in DC

US PROSECUTORS made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair Jerome...

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