Banks

Danske Bank cuts hundreds of jobs to add to Danish layoff wave

Most of the job cuts will fall in Denmark and Lithuania, the firm says

Societe Generale Securities Japan has been adding veteran salespeople for interest-rate products, foreign exchange and derivatives.

Societe Generale expands Japan credit business with Santander, UBS hires

Banks in countries from Canada to Spain have been competing for talent in the Asia’s third-largest economy

HSBC has said that it’s carrying out targeted strategic reviews of its retail businesses across Australia, Indonesia and Egypt, but no decisions have been made.

Asia’s biggest banks line up bids for HSBC assets in Indonesia

Fast-growing markets are attracting banks looking to expand

Sofia Hammoucha, global head of trade and working capital at StanChart, says part of her role is also to find ways to apply and scale newer technologies across the bank’s offerings.
THE BANKER

Tokenisation key to ‘next frontier’ of trade finance: StanChart’s Sofia Hammoucha

The ‘key priority’ is to solve, embrace, invest and deliver on the new technology, she says

Trump has previously issued executive orders seeking to tighten access to state and federal systems.

US weighs requiring banks collect citizenship data: reports

Citizenship documents are not currently necessary to open a bank account in America

Jamie Dimon says that he expects the credit cycle will eventually sour again, though he is not sure when.

Jamie Dimon sees parallel to pre-crisis era as rivals do ‘dumb things’

The CEO has been warning for months about the potential deterioration in credit quality

Gold has broken free of the fundamental forces that long explained its ups and downs, says the writer.
THE BOTTOM LINE

Gold enters the storybook stage

Its price is now far above levels suggested by fundamental forces, but it’s hard to see what might stop its ascent

HSBC Holdings has previously cited similar flood-risk figures to its UK peers.

UK floods raise spectre of ‘mortgage prisoners’ across banks

In England, there are already 6.3 million properties in areas at risk of flooding

Australia’s largest lender CBA, trades at 3.9 times its book value, a premium to global peers such as JPMorgan Chase, which trades at 2.4 times.

Australia banks’ record surge offers global haven from AI swings

The advance has also boosted Australia’s financials-heavy S&P/ASX 200 Index this year

The entry of major foreign firms could bolster efforts by Japanese policymakers to remake Tokyo as an Asian financial hub to rival Singapore and Hong Kong.

BBVA plans to start Japan brokerage in first for Spanish bank

The Bilbao-based lender has operated a commercial banking business in the country since 2005