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banks

Markets 3 years ago

US regulators rush to contain SVB fallout, as a second bank fails

US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs, as they announced a second tech-friendly bank had been closed by regulators.

Markets 3 years ago

Global bank shares sink over US fears

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.

Companies 3 years ago

PREMIUM
Nobu and MNC bank merger underway, OJK confirms

Two banks owned by homegrown conglomerates will be merged this year, according to the Financial Services Authority.

Companies 3 years ago

HSBC says pre-tax profit slips to $17.5b in 2022

Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, calling the ongoing impact of COVID-19 the main factor in its financial performance.

Economy 3 years ago

PREMIUM
Indonesian banks reap geographic benefits, study finds

Banks in Indonesia and other countries of the region stand to gain from a stronger macroeconomic outlook, while European lenders face much bleaker prospects, according to McKinsey & Company, but emerging markets as a whole are no longer what they used to be.