Banks
Back to office? JPMorgan’s US$4 billion NY edifice should ease the pain
It’s about the belief in building great spaces for employees in the US, Europe, Asia and elsewhere, says the CEO in exclusive interview with BT
Visa offers stablecoin settlement for US banks using Circle’s USDC
Merchants are typically paid out in local currency
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
The buyout adds to Japanese financial institutions’ growing footprint in India
SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high
MUFG, SMFG among Japanese firms piling into India for growth
The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender
China shadow bank’s missed payments show growing property stress
Authorities in Zhejiang province have set up a special working group to address the latest crisis and maintain financial and social stability
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A new player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to clean up the bad debts of four state-owned commercial lenders...
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since 2020
