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POTENTIAL economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any severe stress to the system and the economy, a risk study conducted by the country’s banking regulator showed.

HSBC Holdings shares rose after the lender agreed to sell its Canadian unit for C$13.5 billion (S$18.5 billion) in cash and said it’s “proactively” considering a one-time dividend or fresh stock buyback.

THE three Singapore banks listed on the local bourse are basking in a period of favourable interest rate movements, drawing positive reactions from the market. Borrowers may be a little less happy, but those offended by the banks’ healthy margins should also consider that strong banks help support a...

THE three Singapore banks listed on the local bourse are basking in a period of favourable interest rate movements, drawing positive reactions from the market. Borrowers may be a little less happy, but those offended by the banks’ healthy margins should also consider that strong banks help support a...

THE three Singapore banks listed on the local bourse are basking in a period of favourable interest rate movements, drawing positive reactions from the market. Borrowers may be a little less happy, but those offended by the banks’ healthy margins should also consider that strong banks help support a...

HSBC has agreed to sell its business in Canada to Royal Bank of Canada (RBC) for $13.5 billion Canadian dollars (S$13.7 billion) in cash.

RISK-SENSITIVE sterling and euro rose on Tuesday (Nov 29) against the weakening safe haven US dollar amid hopes of a potential easing in China’s strict pandemic restrictions following an unprecedented episode of unrest in the country.

A MAJOR Hong Kong-based cryptocurrency exchange has scrubbed some of its social media presence two weeks after it halted withdrawals, fuelling fears the firm may collapse as the sector reels from the implosion of giant FTX.

THE Reserve Bank of India’s (RBI) first pilot for retail e-rupee, its version of the central bank digital currency (CBDC) will be launched on Dec 1, it said in a statement on Tuesday (Nov 29).

GOLDMAN Sachs is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit.