[HONG KONG] Asset managers and companies must do more to prepare for the end of the tarnished Libor benchmark, Hong Kong's banking regulator said on Wednesday, describing them as lagging behind...

[STOCKHOLM] Svenska Handelsbanken unveiled cost cuts that will affect about 1,000 employees at Sweden's biggest bank.

CITIGROUP will resume job cuts starting this week, joining rivals such as Wells Fargo & Co in ending an earlier pledge to pause staff reductions during the Covid-19 pandemic. The cuts will...

A FEE bonanza on China's Nasdaq-style STAR Market, which is set to surge with Ant Group's mega-listing, is passing Western banks by due to their limited local presence and worries about a unique...

[NEW YORK] JPMorgan Chase chief executive officer, who's been going into the bank's offices since June, said he sees economic and social damage from a longer stretch of working-from-home....

[NEW YORK] Citigroup will resume job cuts starting this week, joining rivals such as Wells Fargo & Co in ending an earlier pledge to pause staff reductions during the coronavirus pandemic.

BROKER'S TAKE

MAYBANK Kim Eng (MKE) has downgraded its sector outlook on Asean banks to negative as their asset quality risks remain high while operational recovery may stay muted.

[BENGALURU] Australia's federal court has fined pension funds run by National Australia Bank (NAB) A$57.5 million (S$57.3 million) for charging fees with no service to thousands of retirees, the...

[SYDNEY] Australia's Macquarie Group warned its first half profit will fall by around 35 per cent as the coronavirus pandemic shreds economies around the world, a rare downgrade from the financial...

HERE IN ASIA

MAYBANK Kim Eng (MKE) has downgraded its sector outlook on Asean banks to negative as their asset quality risks remain high while operational recovery may be limited.