Global banking
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks
China to sell special sovereign bonds to boost bank capital
CHINA said it will issue special sovereign notes to boost capital at its largest state-owned lenders.
Global banks are nowhere near reaching their CO2 targets
GLOBAL banks are not living up to targets to cut their financing of activities that are directly fuelling climate change, according to a new study by the World Resources Institute (WRI).
Year in review: Major headline-grabbing events of 2023
Bank busts, crime busts and war. The year 2023 may go down in history as a record-breaking one for global financial markets, and a nail-biting one for local political pundits.
HSBC appoints ex-Citi banker as new Singapore head of global banking
HSBC has appointed Gilbert Ng, former head of corporate banking at Citigroup, as its new head of global banking for Singapore. The appointment was effective from Thursday (May 2).
Goldman Sachs CEO says firm to raise ninth private equity fund
Goldman Sachs CEO David Solomon said on Tuesday (Feb 27) the firm will raise its ninth private equity fund this year.
The great M&A slump is shaking up giants of investment banking
A FEW years ago, top investment bankers at Goldman Sachs Group wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group, Evercore...
Banks need to speak the same digital language
Complex, opaque and often outdated systems in large international lenders can threaten the global banking system’s stability
Global central banks use record amount of yuan from PBOC swaps
Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status.
