STANDARD Chartered has stopped accepting bonds of Adani Group firms as collateral on margin loans, ET Now television channel reported, without saying where it got the information.
COMMONWEALTH Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last year.
AUSTRALIA’S central bank is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation.
INDIAN crypto exchange WazirX said it was transferring funds held with Binance for its operations to other wallets after Binance said it was cutting off the service, the latest in a running dispute between the two companies over their relationship.
SAM Bankman-Fried’s Emergent Fidelity Technologies, an offshore entity that owns 55 million shares of Robinhood Markets, filed for bankruptcy Friday amid a fight over who should get the stock following the collapse of FTX Group.
EUROPEAN banks are raking in their highest profits since before the global financial crisis, as they benefit from an unprecedented series of rate increases that have driven a surge in lending income. The question is how long this can last.
DERIVATIVES shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.
CHINA’S banking sector bad loan ratio stood at 1.71 per cent at the end of 2022, down 0.09 percentage point from a year earlier, the Shanghai Securities News said on Friday (Feb 3), citing the sector’s regulator.
THE Adani Group’s US$120-billion loss in market value after Hindenburg Research accused it of fraud roughly equates to India’s annual infrastructure budget. But the government has shown few signs of worry – or at least that is the impression it is giving to the markets.
