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Hong Kong/ AFP Asian markets extended their rally on Tuesday as hopes were raised that …
Read More »Oil rebounds, Asia stocks go up
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New year woe for Taiwan as exports fall again
Taipei/ AFP The new year has brought Taiwan no respite from its economic woes as …
Read More »BoK keeps rate at record low amid market turbulence
Bloomberg The Bank of Korea (BoK) kept its key rate unchanged Tuesday for an eighth …
Read More »Swedish Banks’ big risk becomes a benefit
Bloomberg For years, the country’s central bank and financial supervisor have railed against lenders’ dependence …
Read More »China to mull minimum bad-loan coverage
Bloomberg China’s cabinet has discussed lowering the ratio of provisions banks must set aside for …
Read More »Neske poised to become CEO of LBBW
Bloomberg Rainer Neske, the former head of consumer banking at Deutsche Bank AG, is poised …
Read More »UOB profit Q4 barely rises
Bloomberg United Overseas Bank (UOB) Ltd.’s fourth-quarter profit barely rose as swelling expenses and provisions …
Read More »China bank lending surges to record high in January
Bloomberg China’s bank lending surged to a record 2.51 trillion yuan ($385 billion) in January, …
Read More »Credit Suisse Russia CEO Hellman resigns
Bloomberg Steven Hellman has stepped down as chief executive officer of Credit Suisse Group AG’s …
Read More »Singapore Banks can’t be relaxed about rig-building woes
Bloomberg It’s not clear how much of Singapore’s bad loans for 2015, the highest since …
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