JPMORGAN Chase & Co cut hundreds of mortgage employees this week, adding to job losses across the industry as home-lending businesses continue to be hurt by elevated interest rates.
SINGAPORE’S trio of local banks should continue to post solid growth in net interest margins (NIMs) for the fourth quarter of 2022, thanks to the high interest rate environment.
SINGAPORE’S trio of local banks should continue to post solid growth in net interest margins (NIMs) for the fourth quarter of 2022, thanks to the high interest rate environment.
EUROPEAN Central Bank supervisors will zero in on bad loans this year after finding that some eurozone banks had set too little money aside for them or were slow in recognising the problem, the ECB said on Wednesday (Feb 8).
ABN Amro Bank reported fourth-quarter profit that beat analysts’ expectations as the Dutch lender restrained costs and announced a US$536 million share buyback.
THE Reserve Bank of India (RBI) hiked its key repo rate by 25 basis points on Wednesday (Feb 8) as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high.
CREDIT Suisse Group, fighting to stem a wave of investor outflows, is dialling back some stringent anti-money laundering controls in Asia after they drew protests from clients and bankers and contributed to staff departures.
THE UK will probably impose a limit of £10,000 (S$15,958) to £20,000 for holdings of a new digital currency once it comes into existence, a Bank of England (BOE) official said.
Some of Credit Suisse Group’s junior and mid-level bankers will get their bonuses paid out in instalments, the latest twist in the firm’s handling of employee compensation amid a tumultuous overhaul.
