Featured Archives • Page 800 of 1278 • Financial News

Featured

Robinhood plans buyback of Sam Bankman-Fried’s contested stock

ROBINHOOD Markets said it’s looking to repurchase shares previously controlled by Sam Bankman-Fried and cancelled almost US$500 million of stock-based compensation for its co-founders.

Featured

Economists see earlier rate cut by Bank of Korea as risks rise

THE Bank of Korea (BOK) will cut its benchmark interest rate earlier than previously expected, a Bloomberg survey shows, reflecting growing concerns over the outlook for economic growth.

Featured

Crypto exchange Kraken faces US SEC probe over unregistered securities

KRAKEN, one of the world’s largest cryptocurrency exchanges, is embroiled in a probe by a top US financial regulator over whether it broke securities rules related to certain offerings to American clients, according to a person with knowledge of the matter.

Featured

JPMorgan cuts hundreds more mortgage workers amid housing woes

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.

Featured

Singapore banks to see margin growth, may deliver special dividends for Q4: analysts

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.

Featured

Singapore banks may deliver special Q4 dividends along with margin growth: analysts

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.

Featured

ECB to zero in on soured loans this year as economy slows

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).

Featured

ABN Amro beats estimates, announces US$536 million buyback

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.

Featured

India central bank hikes rates 25 bps as expected, hints at more tightening

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.

Featured

Credit Suisse dials back Asia risk controls after bankers revolt

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.

Featured

Most Viewed

Trending Now