China Local Governments to Sell $206 Billion of Financing Debt
China is taking stronger action to address financial risks of local governments, with Caixin reporting on a plan
2023-08-21 11:16
Chinese Banks Disappoint With Smaller Lending Rate Cuts
Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference
2023-08-21 10:27
Taiwan’s Biggest Financial Firm Braces for Deeper China Turmoil
Taiwan’s biggest financial conglomerate has cut back on its exposure to China as it braces for any deeper
2023-08-21 08:17
Westpac Bank Sees Modest Increase in Stress Amid Inflation Rise
Westpac Banking Corp. said it’s seeing a modest increase in customer stress, while inflationary pressures are causing expenses
2023-08-21 06:24
Turkey Starts Curbing FX Tool Imposed to Halt Lira Selloff
Turkey took a first step away from a tool designed to halt a selloff in the lira by
2023-08-20 17:56
Hawaiian Electric Risks Are So Big That Stock Is Seen Hinging on Bank Unit
Hawaiian Electric Industries Inc. shares are headed to the worst weekly drop in at least four decades on
2023-08-19 01:26
Bank of America’s $580 Million Renewable Tax Credit Deal Is One of Many
After striking a first-of-it’s-kind deal to buy renewable energy tax credits, Bank of America Corp. is carving out
2023-08-18 20:50
Barclays Names New India CEO, COO in Reshuffle of Key Market
Barclays Plc named new executives to its top management in India, a major overseas market for the lender,
2023-08-18 18:52
SoftBank’s Arm Said to Line Up 28 Banks for Biggest 2023 IPO
Arm Ltd. has filled out the roster of underwriters for its initial public offering, with 28 banks in
2023-08-18 16:20
Kuwait Fund Names New Head of UK Arm Year After Ousting Ex-CEO
Kuwait’s $700 billion sovereign wealth fund appointed Abdulmohsin Al-Mukhaizeem as the permanent head of its London arm, just
2023-08-18 15:52
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of
2023-08-18 12:18
UBS Seeks to Hire Several Private Bankers to Serve India’s Rich
UBS Group AG plans to rebuild its team in India as it prepares to create more products to
2023-08-18 11:51