https://www.businesstimes.com.sg/ THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times. en-US https://www.businesstimes.com.sg/favicon.ico https://www.businesstimes.com.sg/ 32 32 https://www.businesstimes.com.sg/companies-markets/banking-finance/anz-banks-profit-tops-estimates-ceo-turnaround-strategy Fri, 01 May 2026 05:26:34 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/anz-banks-profit-tops-estimates-ceo-turnaround-strategy [MELBOURNE] ANZ Group Holdings’ first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by chief executive officer Nuno... https://www.businesstimes.com.sg/companies-markets/banking-finance/yen-jumps-sharply-japan-warns-it-ready-intervene-again Fri, 01 May 2026 01:11:29 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/yen-jumps-sharply-japan-warns-it-ready-intervene-again Tokyo’s ramped-up rhetoric comes as the yen stays under pressure from wide US-Japan interest rate gaps https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-collusion-probe-archegos-meltdown-closes-without-charges-us Fri, 01 May 2026 00:46:04 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-collusion-probe-archegos-meltdown-closes-without-charges-us THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill... https://www.businesstimes.com.sg/international/global/fitch-warns-us-debt-burden-far-above-other-aa-rated-nations Fri, 01 May 2026 00:00:27 +0000 Global Banking & Finance Companies & Markets International /international/global/fitch-warns-us-debt-burden-far-above-other-aa-rated-nations All three major rating firms have the US pegged one level below triple-A https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-england-holds-rates-officials-consider-hikes-ahead Thu, 30 Apr 2026 13:25:12 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/bank-england-holds-rates-officials-consider-hikes-ahead The Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the benchmark rate at 3.75% https://www.businesstimes.com.sg/companies-markets/trust-bank-swings-profit-first-time-march-q1-still-loss-making Thu, 30 Apr 2026 08:30:00 +0000 Benjamin Cher Companies & Markets Banking & Finance /companies-markets/trust-bank-swings-profit-first-time-march-q1-still-loss-making Its CEO believes that the digital bank is on a sustainable path; in 2026, it will expand its current offerings and unveil... https://www.businesstimes.com.sg/companies-markets/banking-finance/socgens-retail-revival-aids-q1-profit-trading-revenue-slides Thu, 30 Apr 2026 05:31:15 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/socgens-retail-revival-aids-q1-profit-trading-revenue-slides The recovery of the French division is a key priority for chief executive Slawomir Krupa https://www.businesstimes.com.sg/companies-markets/banking-finance/standard-chartered-profit-jumps-17-books-us190-million-charge-iran-war Thu, 30 Apr 2026 05:19:15 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/standard-chartered-profit-jumps-17-books-us190-million-charge-iran-war The upbeat results highlight how European banks have so far been able to shrug off the direct impact of the war on... https://www.businesstimes.com.sg/international/asean/philippine-central-bank-sees-inflation-rising-three-year-high Thu, 30 Apr 2026 05:02:35 +0000 Asean Banking & Finance Companies & Markets International /international/asean/philippine-central-bank-sees-inflation-rising-three-year-high The Philippines imports nearly all its oil needs from the Middle East https://www.businesstimes.com.sg/companies-markets/banking-finance/citigroups-japan-banking-head-seeks-expansion-despite-talent-crunch Thu, 30 Apr 2026 04:42:38 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/citigroups-japan-banking-head-seeks-expansion-despite-talent-crunch Besides investment banking, the firm’s other main businesses there include trading, corporate and commercial banking as well as transaction services https://www.businesstimes.com.sg/companies-markets/banking-finance/bnp-paribas-reports-9-rise-q1-profit-investment-bank-stutters Thu, 30 Apr 2026 04:23:32 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bnp-paribas-reports-9-rise-q1-profit-investment-bank-stutters The bank has reported a more modest 2.5% rise in trading revenues, with fixed income, currencies and commodities broadly stable https://www.businesstimes.com.sg/companies-markets/banking-finance/aias-new-business-value-climbs-first-quarter-strong-hong-kong-china-demand Thu, 30 Apr 2026 03:02:53 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/aias-new-business-value-climbs-first-quarter-strong-hong-kong-china-demand The firm’s 18 markets in Asia include Thailand, Singapore and South Korea https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kongs-local-debt-market-becomes-surprise-funding-hotspot Thu, 30 Apr 2026 01:56:50 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hong-kongs-local-debt-market-becomes-surprise-funding-hotspot The city’s appeal as a safe haven amid turmoil in the Middle East and other regions has helped fuel the recent activity https://www.businesstimes.com.sg/companies-markets/dbs-ceo-tan-su-shan-strikes-upbeat-tone-deposits-wealth-growth-after-strong-q1 Wed, 29 Apr 2026 22:47:03 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/dbs-ceo-tan-su-shan-strikes-upbeat-tone-deposits-wealth-growth-after-strong-q1 The lender declares a dividend of S$0.81 per share, up from S$0.75 the year before https://www.businesstimes.com.sg/international/global/divided-fed-officials-hold-rates-powell-stay-governor Wed, 29 Apr 2026 22:04:35 +0000 Global Banking & Finance Companies & Markets International /international/global/divided-fed-officials-hold-rates-powell-stay-governor Fed chairs traditionally resign from the central bank altogether when their chair terms expire https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-largest-lenders-first-quarter-profit-over-3-sour-loan-ratios-steady Wed, 29 Apr 2026 09:25:09 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/chinas-largest-lenders-first-quarter-profit-over-3-sour-loan-ratios-steady Despite rising bad loans from developers and consumers, the banks report steady non-performing loan (NPL) ratios https://www.businesstimes.com.sg/companies-markets/banking-finance/thai-central-bank-holds-key-interest-rate-expected Wed, 29 Apr 2026 07:21:59 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/thai-central-bank-holds-key-interest-rate-expected Its monetary policy committee voted unanimously to maintain the one-day repurchase rate at 1% https://www.businesstimes.com.sg/companies-markets/banking-finance/ubs-beats-profit-expectations-market-volatility Wed, 29 Apr 2026 05:49:06 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/ubs-beats-profit-expectations-market-volatility Markets have remained broadly resilient so far in the second quarter, the bank says https://www.businesstimes.com.sg/companies-markets/banking-finance/mufg-make-foray-indian-real-estate-expand-forex-derivatives Wed, 29 Apr 2026 03:48:54 +0000 Banking & Finance Companies & Markets Property /companies-markets/banking-finance/mufg-make-foray-indian-real-estate-expand-forex-derivatives The bank has been scaling up in India, with its investment in Shriram Finance marking a big move https://www.businesstimes.com.sg/international/new-zealand-central-banker-says-q1-core-inflation-was-stable-within-target-band Wed, 29 Apr 2026 03:02:25 +0000 International Banking & Finance Companies & Markets /international/new-zealand-central-banker-says-q1-core-inflation-was-stable-within-target-band [WELLINGTON] New Zealand’s top central banker on Wednesday said that measures of core inflation in the first quarter had remained stable within... https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-sachs-bars-hong-kong-bankers-using-anthropic-ai-source-says Wed, 29 Apr 2026 02:23:30 +0000 Banking & Finance Companies & Markets Telcos, Media & Tech /companies-markets/banking-finance/goldman-sachs-bars-hong-kong-bankers-using-anthropic-ai-source-says Other mainstream models such as Gemini and ChatGPT were still available to staff https://www.businesstimes.com.sg/international/global/citadel-securities-expands-asia-big-hires-block-trades Wed, 29 Apr 2026 01:02:29 +0000 Global Banking & Finance Companies & Markets International /international/global/citadel-securities-expands-asia-big-hires-block-trades The firm uses its proprietary data and analytics to help clients make better decisions https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-become-global-partner-2028-olympics-2030-winter-games Tue, 28 Apr 2026 23:50:51 +0000 Banking & Finance Companies & Markets Lifestyle /companies-markets/banking-finance/jpmorgan-become-global-partner-2028-olympics-2030-winter-games The company will offer financial health workshops for athletes through an IOC platform https://www.businesstimes.com.sg/companies-markets/banking-finance/robinhoods-quarterly-profit-misses-estimates-weak-transaction-revenue Tue, 28 Apr 2026 23:02:32 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/robinhoods-quarterly-profit-misses-estimates-weak-transaction-revenue Transaction-based revenue from cryptocurrencies plunged 47 per cent to US$134 million from a year earlier https://www.businesstimes.com.sg/companies-markets/banking-finance/visa-beats-quarterly-profit-estimates-resilient-consumer-spending Tue, 28 Apr 2026 22:57:17 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/visa-beats-quarterly-profit-estimates-resilient-consumer-spending The company is well-positioned to weather any potential economic downturn https://www.businesstimes.com.sg/companies-markets/banking-finance/ping-profit-falls-market-decline-hurts-investment-returns Tue, 28 Apr 2026 10:20:20 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/ping-profit-falls-market-decline-hurts-investment-returns Net income dropped to 25 billion yuan (S$4.6 billion), from 27 billion yuan a year earlier https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-central-bank-guides-banks-step-lending-april-sources Tue, 28 Apr 2026 09:02:37 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/chinas-central-bank-guides-banks-step-lending-april-sources PBOC’s rare credit push follows Middle East conflict fears and the nation’s ongoing property debt crisis https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-keeps-rates-steady-hawkish-split-points-june-hike Tue, 28 Apr 2026 03:47:23 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/boj-keeps-rates-steady-hawkish-split-points-june-hike The central bank also sharply revises up its price forecasts and stresses vigilance to the risk of an inflation overshoot https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-singapore-strengthens-family-office-wealth-advisory-team-support-uhnw-demand Tue, 28 Apr 2026 02:47:44 +0000 Therese Soh Banking & Finance Companies & Markets Wealth Wealth & Investing /companies-markets/banking-finance/bank-singapore-strengthens-family-office-wealth-advisory-team-support-uhnw-demand Ultra-high-net-worth clients are a ‘key growth segment’, says the bank https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-set-keep-rates-steady-iran-war-clouds-outlook Tue, 28 Apr 2026 01:33:33 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-japan-set-keep-rates-steady-iran-war-clouds-outlook It will be the first among a flurry of central banks seen as keeping policy steady this week https://www.businesstimes.com.sg/companies-markets/banking-finance/citi-boost-japan-china-investment-banking-teams-plans-senior-sector-focused-hires Mon, 27 Apr 2026 12:08:02 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/citi-boost-japan-china-investment-banking-teams-plans-senior-sector-focused-hires The firm is pushing ahead with growing its in-market presence in Asia https://www.businesstimes.com.sg/companies-markets/banking-finance/china-taps-another-tool-drain-excess-cash-market Mon, 27 Apr 2026 08:52:12 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/china-taps-another-tool-drain-excess-cash-market It is set to withdraw a net 200 billion yuan (S$37.3 billion) via its one-year medium-term lending facility in April https://www.businesstimes.com.sg/companies-markets/banking-finance/japan-tighten-rules-shareholder-proposals-amid-pushback-against-activism Mon, 27 Apr 2026 05:37:35 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/japan-tighten-rules-shareholder-proposals-amid-pushback-against-activism Some business lobbies want the hurdles to be further raised https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-reaches-12-week-high-iran-deal-optimism Mon, 27 Apr 2026 05:11:54 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bitcoin-reaches-12-week-high-iran-deal-optimism The token is up 16 per cent so far in April https://www.businesstimes.com.sg/companies-markets/maribank-posts-wider-losses-higher-allowances-fy2025 Mon, 27 Apr 2026 04:15:51 +0000 Benjamin Cher Companies & Markets Banking & Finance /companies-markets/maribank-posts-wider-losses-higher-allowances-fy2025 However, its total income is S$37.4 million, up from S$24.4 million in the previous year https://www.businesstimes.com.sg/companies-markets/banking-finance/china-delays-foreign-debt-sales-us100-billion-bonds-due Mon, 27 Apr 2026 03:47:18 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/china-delays-foreign-debt-sales-us100-billion-bonds-due To avoid defaulting on their overseas debt, Chinese companies are resorting to selling short-term bonds https://www.businesstimes.com.sg/companies-markets/banking-finance/nomura-stock-hit-after-research-affiliate-writedown-europe-loss Mon, 27 Apr 2026 03:22:08 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/nomura-stock-hit-after-research-affiliate-writedown-europe-loss The coming quarters may provide a test for CEO Kentaro Okuda as the Iran war puts a strain on the global economy https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-reviews-hk300000-kid-school-fee-perk-hong-kong-bankers-cut-costs Mon, 27 Apr 2026 02:02:51 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hsbc-reviews-hk300000-kid-school-fee-perk-hong-kong-bankers-cut-costs International school fees are a major expense for families in the city and costs have been increasing after the pandemic https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-seen-holding-rates-messaging-risk-ueda-yen-teeters Mon, 27 Apr 2026 01:30:31 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/boj-seen-holding-rates-messaging-risk-ueda-yen-teeters The US Federal Reserve and European Central Bank also meet this week and are widely expected to stand pat https://www.businesstimes.com.sg/companies-markets/safe-haven-flows-no-q1-fed-cut-support-positive-earnings-outlook-dbs-ocbc-uob-analysts Sun, 26 Apr 2026 23:00:00 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/safe-haven-flows-no-q1-fed-cut-support-positive-earnings-outlook-dbs-ocbc-uob-analysts All 3 lenders have little to no exposure to private credit risks, management teams say https://www.businesstimes.com.sg/companies-markets/banking-finance/us-senator-tillis-says-hes-ready-advance-confirmation-warsh-fed-chair Sun, 26 Apr 2026 22:13:21 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/us-senator-tillis-says-hes-ready-advance-confirmation-warsh-fed-chair REPUBLICAN Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward... https://www.businesstimes.com.sg/companies-markets/banking-finance/indias-central-bank-cancels-paytm-payments-bank-licence Sat, 25 Apr 2026 07:20:20 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/indias-central-bank-cancels-paytm-payments-bank-licence The licence cancellation puts the spotlight on the dwindling significance of payment banks in the banking system https://www.businesstimes.com.sg/companies-markets/banking-finance/ricky-sandler-shuttering-eminence-capital-after-27-year-run Sat, 25 Apr 2026 05:37:00 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/ricky-sandler-shuttering-eminence-capital-after-27-year-run The closing of the firm comes at an inflection point for the hedge fund industry