banking-finance 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 banking-finance https://www.businesstimes.com.sg/ 32 32 Jane Street’s US$15 billion loss prompts Fed, BoE scrutiny of banks’ trading-firm exposure: FT https://www.businesstimes.com.sg/companies-markets/banking-finance/jane-streets-us15-billion-loss-prompts-fed-boe-scrutiny-banks-trading-firm-exposure-ft Mon, 21 Sep 2026 05:59:49 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/jane-streets-us15-billion-loss-prompts-fed-boe-scrutiny-banks-trading-firm-exposure-ft Jane Street hit by large losses after exposure to Situational Awareness SocGen hikes profitability target in new strategic plan  https://www.businesstimes.com.sg/companies-markets/banking-finance/socgen-hikes-profitability-target-new-strategic-plan Mon, 21 Sep 2026 05:03:46 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/socgen-hikes-profitability-target-new-strategic-plan It is aiming for a cost-to-income ratio of below 55% by 2029, against a current target of 60% Hong Kong weighs tougher climate finance disclosures for banks https://www.businesstimes.com.sg/companies-markets/hong-kong-weighs-tougher-climate-finance-disclosures-banks Mon, 21 Sep 2026 04:37:02 +0000 Companies & Markets Banking & Finance ESG /companies-markets/hong-kong-weighs-tougher-climate-finance-disclosures-banks Entities domiciled in the city have issued about US$150 billion of labelled debt based on environmental, social or governance metrics since 2020 UBS CEO Ermotti warns against harsh capital rules ahead of vote https://www.businesstimes.com.sg/companies-markets/banking-finance/ubs-ceo-ermotti-warns-against-harsh-capital-rules-ahead-vote Mon, 21 Sep 2026 01:32:57 +0000 Sharon Lee Banking & Finance Companies & Markets /companies-markets/banking-finance/ubs-ceo-ermotti-warns-against-harsh-capital-rules-ahead-vote [ZURICH] UBS chief executive Sergio Ermotti warned lawmakers against imposing excessively strict capital requirements on the Swiss bank in an interview published... Fed’s Kashkari says inflation is still too high in ‘all aspects’ of US economy https://www.businesstimes.com.sg/companies-markets/banking-finance/feds-kashkari-says-inflation-still-too-high-all-aspects-us-economy Sun, 20 Sep 2026 22:09:22 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/feds-kashkari-says-inflation-still-too-high-all-aspects-us-economy Despite the high inflation, he said the American economy has been very resilient More interest in ETFs, low-cost funds but Singapore still lacks pressure to further lower fund fees https://www.businesstimes.com.sg/companies-markets/more-interest-etfs-low-cost-funds-singapore-still-lacks-pressure-further-lower-fund-fees Sun, 20 Sep 2026 04:00:00 +0000 Tan Nai Lun Companies & Markets Banking & Finance /companies-markets/more-interest-etfs-low-cost-funds-singapore-still-lacks-pressure-further-lower-fund-fees As investors become more digitally savvy and self-sufficient, observers expect ETFs to continue gaining ground Morgan Stanley caps private credit exits again as 11% want out https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/morgan-stanley-caps-private-credit-exits-again-11-want-out Sat, 19 Sep 2026 04:03:58 +0000 Capital Markets & Currencies Banking & Finance Companies & Markets /companies-markets/capital-markets-currencies/morgan-stanley-caps-private-credit-exits-again-11-want-out It joins peers, including Blackstone and BlackRock, in continuing to limit investor withdrawals RBA must decide if rate sufficient to cool prices: Governor https://www.businesstimes.com.sg/companies-markets/banking-finance/rba-must-decide-if-rate-sufficient-cool-prices-governor Fri, 18 Sep 2026 00:49:24 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/rba-must-decide-if-rate-sufficient-cool-prices-governor Australia’s central bank kept the key interest rate unchanged at 4.35% in August BOJ lifts interest rates to 31-year high https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-lifts-interest-rates-31-year-high Thu, 17 Sep 2026 22:35:11 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/boj-lifts-interest-rates-31-year-high But the widely expected move fails to prop up the yen, which initially falls Greenback eases from peak as oil prices extend decline; BOJ in focus https://www.businesstimes.com.sg/companies-markets/banking-finance/greenback-eases-peak-oil-prices-extend-decline-boj-focus Thu, 17 Sep 2026 13:09:42 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/greenback-eases-peak-oil-prices-extend-decline-boj-focus Euro rises; pound sterling slips after Bank of England holds rates but warns of possible hikes OCBC extends Bank of Ningbo partnership with new 10-year agreement https://www.businesstimes.com.sg/companies-markets/ocbc-extends-bank-ningbo-partnership-new-10-year-agreement Thu, 17 Sep 2026 10:34:04 +0000 Tan Nai Lun Companies & Markets Banking & Finance /companies-markets/ocbc-extends-bank-ningbo-partnership-new-10-year-agreement Under the agreement, OCBC will add a US$5 million training grant to develop talents from both banks BOJ faces higher bar to support yen after Fed’s hawkish hike https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-faces-higher-bar-support-yen-after-feds-hawkish-hike Thu, 17 Sep 2026 09:27:11 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/boj-faces-higher-bar-support-yen-after-feds-hawkish-hike Observers expect a 25 bp increase at Japan central bank’s meeting this week, and will be looking for clues about further tightening Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more https://www.businesstimes.com.sg/companies-markets/fed-hike-throws-singapore-banks-margin-lifeline-uob-likely-benefit-more Thu, 17 Sep 2026 09:15:13 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/fed-hike-throws-singapore-banks-margin-lifeline-uob-likely-benefit-more Uplift might be more meaningful in 2027 as higher US rates filter through to Sora and bank loan books HSBC cuts back US$38,000-per-kid school perk for some Hong Kong bankers https://www.businesstimes.com.sg/international/global/hsbc-cuts-back-us38000-kid-school-perk-some-hong-kong-bankers Thu, 17 Sep 2026 07:27:06 +0000 Global Banking & Finance Companies & Markets International /international/global/hsbc-cuts-back-us38000-kid-school-perk-some-hong-kong-bankers This comes as CEO Georges Elhedery plows ahead with a cost-trimming campaign Hong Kong Monetary Authority raises rate for first time in three years https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-monetary-authority-raises-rate-first-time-three-years Thu, 17 Sep 2026 06:14:45 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hong-kong-monetary-authority-raises-rate-first-time-three-years HSBC and StanChart say they will keep best lending rates in Hong Kong unchanged Singapore’s gold hub plan gets lift with DBS vault expansion https://www.businesstimes.com.sg/companies-markets/energy-commodities/singapores-gold-hub-plan-gets-lift-dbs-vault-expansion Thu, 17 Sep 2026 04:48:37 +0000 Energy & Commodities Banking & Finance Companies & Markets Singapore /companies-markets/energy-commodities/singapores-gold-hub-plan-gets-lift-dbs-vault-expansion The bank has increased vaulting space as demand from private wealth and institutional clients grows Trump lashes out at Fed after Warsh backs rate hike https://www.businesstimes.com.sg/international/trump-lashes-out-fed-after-warsh-backs-rate-hike Thu, 17 Sep 2026 00:08:26 +0000 International Banking & Finance Companies & Markets /international/trump-lashes-out-fed-after-warsh-backs-rate-hike The president insists the interest rate should be 1% despite persistent inflation Bank of England to hold rates but energy shock stirs talk of a hike https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-england-hold-rates-energy-shock-stirs-talk-hike Wed, 16 Sep 2026 23:38:02 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-england-hold-rates-energy-shock-stirs-talk-hike British natural gas and Brent crude futures have leapt by nearly 20% this month Singapore’s wealth boom is raising the bar for aspiring private bankers https://www.businesstimes.com.sg/companies-markets/singapores-wealth-boom-raising-bar-aspiring-private-bankers Wed, 16 Sep 2026 23:00:00 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/singapores-wealth-boom-raising-bar-aspiring-private-bankers AI and more complex client needs are reshaping the skills young talent needs, industry players say Fed’s Warsh lays out forces driving up bond yields https://www.businesstimes.com.sg/companies-markets/banking-finance/feds-warsh-lays-out-forces-driving-bond-yields Wed, 16 Sep 2026 22:27:30 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/feds-warsh-lays-out-forces-driving-bond-yields He said economic strength and surging capital expenditures have increased the competition for capital US Fed hikes rates amid stubborn inflation; signals further tightening in coming months https://www.businesstimes.com.sg/companies-markets/banking-finance/us-fed-hikes-rates-amid-stubborn-inflation-signals-further-tightening-coming-months Wed, 16 Sep 2026 21:46:43 +0000 Banking & Finance Companies & Markets Global International /companies-markets/banking-finance/us-fed-hikes-rates-amid-stubborn-inflation-signals-further-tightening-coming-months Quarter-point hike is first in 3 years; oil shock, tariffs, AI boom continue to drive inflation Dollar bides time ahead of expected US Federal Reserve hike https://www.businesstimes.com.sg/international/global/dollar-bides-time-ahead-expected-us-federal-reserve-hike Wed, 16 Sep 2026 13:51:33 +0000 Global Banking & Finance Companies & Markets International /international/global/dollar-bides-time-ahead-expected-us-federal-reserve-hike [LONDON] The US dollar held steady near multi-week highs on Wednesday (Sep 16), ahead of a Federal Reserve decision that traders expect... China’s slower loan growth is new normal, says central bank governor https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-slower-loan-growth-new-normal-says-central-bank-governor Wed, 16 Sep 2026 06:05:26 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/chinas-slower-loan-growth-new-normal-says-central-bank-governor His comments come after data shows new loans rebound in August from July’s record contraction, but still miss forecasts Crypto’s push Into Wall Street suffers setback after bill fails https://www.businesstimes.com.sg/companies-markets/banking-finance/cryptos-push-wall-street-suffers-setback-after-bill-fails Wed, 16 Sep 2026 01:00:26 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/cryptos-push-wall-street-suffers-setback-after-bill-fails CRYPTOCURRENCY’S long march into mainstream finance took a step backward on Tuesday (Sep 15) when the US Senate failed to advance the... Singapore’s covered bond boom is largely a DBS story https://www.businesstimes.com.sg/companies-markets/singapores-covered-bond-boom-largely-dbs-story Tue, 15 Sep 2026 23:00:00 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/singapores-covered-bond-boom-largely-dbs-story The market has grown rapidly, but a closer look shows the three local banks are using this funding tool very differently US dollar ticks up as oil prices climb, Fed rate hike chances firm https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-ticks-oil-prices-climb-fed-rate-hike-chances-firm Tue, 15 Sep 2026 12:26:20 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/us-dollar-ticks-oil-prices-climb-fed-rate-hike-chances-firm Oil prices are near a four-month peak, standing at more than US$105 a barrel Junk debt from Asia is beating bonds almost everywhere in 2026 https://www.businesstimes.com.sg/companies-markets/banking-finance/junk-debt-asia-beating-bonds-almost-everywhere-2026 Tue, 15 Sep 2026 08:43:17 +0000 Banking & Finance Capital Markets & Currencies Companies & Markets International /companies-markets/banking-finance/junk-debt-asia-beating-bonds-almost-everywhere-2026 These instruments are outperforming US peers and key global debt gauges, Bloomberg data shows Vietnam considering first sovereign US dollar bond sale since 2014: sources https://www.businesstimes.com.sg/companies-markets/banking-finance/vietnam-considering-first-sovereign-us-dollar-bond-sale-2014-sources Tue, 15 Sep 2026 07:12:58 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/vietnam-considering-first-sovereign-us-dollar-bond-sale-2014-sources The move would relieve pressure on banks, which have been the main source of lending for domestic investment ANZ CEO says high taxes prevent Australia from being top Asian financial hub https://www.businesstimes.com.sg/companies-markets/banking-finance/anz-ceo-says-high-taxes-prevent-australia-being-top-asian-financial-hub Tue, 15 Sep 2026 02:15:16 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/anz-ceo-says-high-taxes-prevent-australia-being-top-asian-financial-hub Nuno Matos adds that capital is not attracted to high-tax environments Citigroup CFO Luchetti expects equity return above 11% this year https://www.businesstimes.com.sg/companies-markets/banking-finance/citigroup-cfo-luchetti-expects-equity-return-above-11-year Mon, 14 Sep 2026 23:16:30 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/citigroup-cfo-luchetti-expects-equity-return-above-11-year The group could still buy small companies with services that would be “add-ons” to current businesses, he said JPMorgan to launch long-awaited 'frontier' local currency debt index https://www.businesstimes.com.sg/international/global/jpmorgan-launch-long-awaited-frontier-local-currency-debt-index Mon, 14 Sep 2026 13:37:59 +0000 Global Banking & Finance Companies & Markets International /international/global/jpmorgan-launch-long-awaited-frontier-local-currency-debt-index JPMorgan has been working on the new index for years 4 in 5 Asean consumers use AI for financial decisions, UOB survey finds https://www.businesstimes.com.sg/companies-markets/4-5-asean-consumers-use-ai-financial-decisions-uob-survey-finds Mon, 14 Sep 2026 13:08:39 +0000 Tan Nai Lun Companies & Markets Banking & Finance /companies-markets/4-5-asean-consumers-use-ai-financial-decisions-uob-survey-finds Most of these consumers report positive outcomes, even as digital wealth management goes mainstream, says the bank US dollar rallies as oil prices jump and AI fears knock markets https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-rallies-oil-prices-jump-and-ai-fears-knock-markets Mon, 14 Sep 2026 13:02:01 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/us-dollar-rallies-oil-prices-jump-and-ai-fears-knock-markets [LONDON/SINGAPORE] The US dollar rose to a two-week high on Monday (Sep 14) as conflict in the Middle East pushed up oil...