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JPMorgan profit rises 6% on trading strength

JPMORGAN reported a 6 per cent rise in fourth-quarter profit on Friday (Jan 13), as a better-than-expected performance from the bank’s traders more than offset a hit from a slump in dealmaking.

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Bank of America’s Q4 profit beats estimates

BANK of America Corp reported a better-than-expected fourth-quarter profit on Friday (Jan 13) as rate hikes helped it charge more interest on loans to customers.

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Goldman Sachs revises loss for platform solutions unit to US$1.2b

GOLDMAN Sachs Group on Friday (Jan 13) revised its pre-tax loss related to its newly formed platform solutions unit for the first nine months of 2022 to US$1.2 billion, the bank said in a regulatory filing.

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Goldman Sachs platform solutions business lost US$1.2b in 9-months

GOLDMAN Sachs Group disclosed a pretax loss for its newly-created platform solutions business of US$1.2 billion for the first nine months of 2022, the bank said in a regulatory filing on Friday (Jan 13).

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Singapore crypto firm Hodlnaut’s creditors seek its liquidation

KEY creditors of embattled crypto lender Hodlnaut rejected a proposed restructuring plan and prefer to liquidate the company.

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PBOC to maintain or increase policy-loan liquidity: poll

CHINA’S central bank is likely to at least maintain current liquidity in the banking system on Monday (Jan 16) through its management of medium-term policy loans, while keeping borrowing costs unchanged for a fifth straight month, a Reuters survey showed.

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Japan expects local FTX clients to get funds back from February

JAPAN’S financial watchdog expects the local unit of Sam Bankman-Fried’s failed crypto empire FTX will repay funds to customers starting next month, according to a senior official.

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Samsung fund unit considers more Hong Kong crypto products after ETF

SAMSUNG Asset Management indicated the firm could consider starting a spot Bitcoin exchange-traded fund (ETF) in Hong Kong if the city allows such products under a push to become an Asia-Pacific centre for crypto.

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Gemini and Genesis sued by SEC over crypto ‘Earn’ programme

US regulators sued crypto brokerages Genesis Global Capital and Gemini Trust for breaking securities rules.

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Central bank rates peaking soon in South-east Asia, survey shows

SOUTH-EAST Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves this quarter.

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