Banking & Finance
Fed faced with hard choice on weak jobs, high inflation
The central bank aims for 2% inflation, though it has not met that goal for the past five years
Maritime insurance premiums surge as Iran conflict widens
War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz
SoftBank seeks record loan of up to US$40 billion for OpenAI stake
The size of SoftBank’s bet has spooked market observers
Federal Reserve’s Goolsbee touts importance of central bank independence
[NEW YORK] Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that central bank independence is very important for controlling inflation.
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Berkshire Hathaway resumes share repurchases, CEO Abel buys stock for himself
Abel said adding to his own Berkshire holdings helps align himself with shareholders over the long term
Morgan Stanley lays off 2,500 employees across divisions, source says
It reported a banner year in 2025
Amundi, KKR, Temasek unit among bidders for UOB Asset Management: sources
[SINGAPORE] Amundi, KKR and Temasek Holdings’ Seviora unit are bidding for United Overseas Bank’s asset management arm, according to people familiar with the matter.
MAS expands environmental risk management guidelines for financial institutions
They will take effect from September 2027, and comprise specific suggestions for banks, insurers and asset managers
China to inject 300 billion yuan into state banks, deepen reform of state financial firms
Chinese lenders have faced rising bad loans tied to struggling real estate developers and cash-strapped local governments
Kraken’s banking arm becomes first crypto firm to secure payments account with Fed
Digital-asset companies have also benefited under US President Donald Trump, who has promised to make America the “crypto capital of the world”
