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banks

US House passes bill to sanction Chinese banks over Hong Kong
Business 5 years ago

US House passes bill to sanction Chinese banks over Hong Kong

The US House of Representatives passed legislation on Wednesday that would penalize banks doing...
Wirecard's missing money didn't enter Philippine financial system, central bank says
Business 5 years ago

Wirecard's missing money didn't enter Philippine financial system, central bank says

None of the US$2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have...
Digital banking prioritizes security amid cyber threats
Business 5 years ago

Digital banking prioritizes security amid cyber threats

National banks have pledged to maintain strong digital security systems and have encouraged consumer...
US bank profits plunge 70% on coronavirus loss provisioning
Business 5 years ago

US bank profits plunge 70% on coronavirus loss provisioning

US bank profits fell by 69.6 percent to US$18.5 billion in the first quarter of 2020 from ...
Thirteen financial institutions get access to government’s civil registry database
Business 5 years ago

Thirteen financial institutions get access to government’s civil registry database

Financial institutions including mobile payment service providers and peer-to-peer lending platforms...
Ultra-rich to place more funds in banks amid liquidity crunch: Economists
Business 5 years ago

Ultra-rich to place more funds in banks amid liquidity crunch: Economists

Deposits from high-net worth individuals will increase, defying the trend of an overall slowdown in ...
US banks tightened loan standards in first quarter as coronavirus outbreak took hold
Business 5 years ago

US banks tightened loan standards in first quarter as coronavirus outbreak took hold

Loan officers at US banks reported significantly tightening standards and terms on business loans in...
BI injects $32.7b into financial system as rupiah strengthens
Business 5 years ago

BI injects $32.7b into financial system as rupiah strengthens

Starting May 1, the reserve requirement ratio will be lowered by 200 basis points (bps) for commerci...
Bail-in, not bailout banks
Editorial 5 years ago

Bail-in, not bailout banks

Profitability and asset quality have been adversely affected by the COVID-19-induced economic downtu...
BI requires banks to buy govt bonds using $6.5b in excess liquidity
Business 5 years ago

BI requires banks to buy govt bonds using $6.5b in excess liquidity

Bank Indonesia Governor Perry Warjiyo has said that a recent central bank regulation to cut the...
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