HSBC’s headcount decreased by 3% last year as the new CEO focused on cost-cutting and implemented significant restructuring within the Asia-centric bank, according to its 2024…
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Ales Michl, the Governor of the Czech National Bank, announced that he will propose a plan to the central bank’s board to invest in bitcoin. He…
The Bank of England decided to maintain its main interest rate at 4.75% on Thursday. However, policymakers showed increasing division over the necessity of rate cuts…
Australia’s corporate regulator has started legal proceedings against HSBC’s local affiliate. The Australian Securities and Investments Commission (ASIC) claims the bank did not properly address about…
On Monday, Singapore’s central bank announced that it imposed a fine of S$2.4 million (approximately $1.79 million) on U.S. lender JPMorgan Chase. The Monetary Authority of…
On Monday, Australia’s corporate watchdog initiated civil penalty proceedings against National Australia Bank (NAB), the nation’s second-largest lender. The action comes after NAB failed to respond…
Chinese regulators have instructed the country’s banks to reduce the interest rates they offer on deposits from other financial institutions. This move aims to free up…
Roberto Campos Neto, the head of Brazil’s central bank, stated on Friday that markets are increasingly considering the inflationary effects of the U.S. election. He noted…
Premarket trading saw Goldman Sachs’ shares rise more than 3% as its third-quarter profit increased by 45% due to a recovery in bond sales, stock offerings,…
Westpac Banking Corp announced on Thursday that it would sell Resimac Group, a non-bank lender, its book of vehicle finance loans. The sale is likely to…