Featured Archives • Page 35 of 1004 • Financial News

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PayPal teams up with Shopify in CEO’s latest partnership deal

PAYPAL Holdings added Shopify to its list of recent partnerships, reaching a deal to process some of the payment company’s debit- and credit-card transactions.

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Asian Development Bank says president Asakawa to leave in early 2025

THE Asian Development Bank (ADB) said on Monday (Sep 9) its president, Masatsugu Asakawa, announced his intention to step down from his position, effective Feb 23, 2025.

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Bank of Japan may hike rates by year-end, says ex-FSA senior official

THE Bank of Japan (BOJ) is still in a position to hike rates again by the end of the year given that recent market turmoil has not had a lasting impact, according to a former senior official at Japan’s financial watchdog.

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China Renaissance crashes as trading resumes after Bao Fan exit

CHINA Renaissance Holdings’s shares fell as much as 73 per cent after resuming trading in Hong Kong on Monday (Sep 9), 17 months after the stock was suspended following the detention of its former chairman Bao Fan.

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Westpac appoints Anthony Miller as new chief executive officer

WESTPAC has appointed Anthony Miller as chief executive officer and managing director, the Australian bank said on Monday.

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ECB is poised to cut rates again in warm-up act for the Fed

THE European Central Bank (ECB) will probably cut interest rates on Thursday (Sep 12) in a prelude to a US move the following week, as the global monetary cycle tilts towards more synchronised easing.

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US to propose bank capital rule revisions as soon as this month

THE US Federal Reserve and other regulators are poised to unveil sweeping changes to a slate of proposed capital rules for banks as they seek to overcome tough resistance from the industry, according to people familiar to the matter.

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RBC’s US global asset management head sees growth in emerging markets, alternative assets

ROYAL Bank of Canada is betting on alternative investments and emerging markets debt and equity to boost its US global asset management business, said new CEO Donald Sanya, who aims to ramp up hiring.

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UOB Vietnam seeks faster client growth from Greater China

UOB Vietnam is expecting accelerated growth from Greater China clients and increasing interest from US businesses, as Vietnam emerges as a key beneficiary of the shift in global supply chains away from China.

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Bad loans pile up at Nubank, Latin America’s new No 1 bank

IN JUST a little over a decade, Nu Holdings has gone from an obscure fintech startup in Sao Paulo to the most valuable bank in all of Latin America. It’s been a dizzying ascent, powered by a business model that Brazil’s uber-conservative banking titans never had much of a...

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