Danske Bank, Denmark’s biggest lender, announced first-quarter profits that exceeded forecasts. This news, coupled with their assessment that the global trade war will only moderately impact…
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Bank of New York Mellon (BK.N) announced on Thursday that it “has received a licence to set up a regional headquarters in Saudi Arabia.” This move…
Morgan Stanley plans to lay off approximately 2,000 employees this month. A person familiar with the matter told Reuters on Tuesday. The reduction of 2% to…
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…
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…