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Goldman hints at more dismantling of its consumer lending business

FIRST, Goldman Sachs Group chief executive officer David Solomon said it. Then president John Waldron repeated it. Next, it was the bank’s Stephanie Cohen who reiterated that the bank is considering strategic alternatives for its consumer lending business.

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EIB urges members to boost green finance to compete with US

THE European Investment Bank (EIB) urged EU member states to support an expansion of its green financing as the continent considers how to respond to US President Joe Biden’s green subsidy program.

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German prosecutors raid homes of HSBC employees over tax fraud scam

GERMAN prosecutors raided the homes of 16 HSBC Holdings employees as part of their vast probe into the Cum-Ex tax dividend scandal.

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Indian banks unprepared for central bank’s ESG push, survey shows

INDIAN banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders, a survey conducted by an industry body on behalf of the central bank showed, said two...

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Indian banks unprepared for central bank’s ESG push: survey

INDIAN banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models for reasons such as a lack of clarity on how such rules apply to lenders, said two sources citing a recent survey.

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HSBC riles Hong Kong bankers with plan to end private offices

SENIOR investment bankers at HSBC Holdings in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks.

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Barclays, NatWest expect Fed to raise rate hike pace in March

ECONOMISTS at UK-based banks Barclays and NatWest believe that the US Federal Reserve (Fed) could ramp up the pace of its interest-rate rises in March by delivering a half-point hike, following key inflation data released on Friday (Feb 24).

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JPMorgan proposes new Asia credit index with lower China weighting: sources

JPMORGAN is proposing a new Asia credit index with slashed China weighting in parallel to its existing US$85 billion Asia credit index, two sources said. This comes amid growing geopolitical tensions and dimming appetite for Chinese property bonds.

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SoftBank, Ant seek to sell Paytm stake via open market: ET

CHINA’S Ant Group and Japan’s SoftBank Group Corp are seeking to sell their stakes in Indian digital payments firm Paytm in the open market, the Economic Times reported on Monday (Feb 27).

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Incoming BOJ head says shift to tighter policy only if inflation heightens significantly

INCOMING Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday (Feb 27) the central bank could exit its massive stimulus, but a shift to tighter policy would only come when the country’s trend inflation heightens significantly.

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