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Bank Indonesia to provide liquidity for banks involved in loan restructuring
Bank Indonesia (BI) will help provide liquidity for loc…
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Indonesia may lose market confidence due to mounting debts: World Bank
The World Bank has called on the Indonesian government …
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Govt to borrow K 1.3 trillion from Central Bank to plug deficit
The government will borrow K1.3 trillion from the Centr…
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Covid-19 crisis could leave $8.8 trillion hole in global economy, Asian Development Bank warns
The coronavirus pandemic could chop nearly 10 percent o…
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Coronavirus pandemic may throw 60 MILLION people into extreme poverty, World Bank warns
The world’s progress in eliminating poverty is set to s…
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Bank Indonesia holds rate to safeguard financial market stability
Bank Indonesia (BI) has decided to leave its benchmark …
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Dump the dollar: Russia has now gotten rid of over 96% of its US debt holdings
Moscow has continued to sell off US Treasury securities…
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JB Financial Group accelerates digital transformation
JB Financial Group said Monday it will launch a team th…
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US facing severe crisis, but not a depression: Fed’s Powell
The United States is facing a severe economic downturn …
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Banking giants are rolling out new video services and fresh mobile features for everything from wealth management to insurance. The heightened digital activity amid the coronavirus crisis comes just as traditional banks were contemplating how to fend off competition from virtual banking start-ups
Banks in Asia’s financial hubs, such as HSBC Holdings a…
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KDB in dilemma over distribution of virus relief fund
The Korea Development Bank (KDB) is in a growing dilemm…
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Begini upaya bank menangkis upaya pembobolan rekening nasabah lewat kode OTP
Pandemi virus corona (Covid-19) yang memaksa pemerintah…
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受新型冠状病毒疫情扩大的影响,资金持续从新兴市场国家流出。在此背景下,货币持续贬值的国家对加密资产(虚拟货币)比特币的需求不断高涨
受新型冠状病毒疫情扩大的影响,资金持续从新兴市场国家流出。在此背景下,货币持续贬值的国家对加密资产(虚拟货币)…
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BRI, Grab launch soft-loan program for drivers, merchants
State-owned lender Bank Rakyat Indonesia (BRI), in coop…
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Bank Islam’s iTEKAD scheme for micro-entrepreneurs, those affected by Covid-19
Bank Islam Malaysia Bhd has launched iTEKAD micro-finan…
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US property investors braced for rise in delinquencies
Investors in US business mortgage-backed safety and sec…
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Centre’s financial stimulus “not sufficient”: Former RBI Governor Duvvuri Subbarao. “In fact, the government needs to spend more. And spend more on three things. The first item of expenditure is to enlarge and expand the livelihood support,” Subbarao said
Maintaining that the combined fiscal deficit of the Cen…
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Concerns grow over Korean banks’ future prospects. Experts insist banks must comply with gov’t request in crisis
Commercial banks here are raising their voices against …
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Wall Street banks face $100m of losses on Las Vegas deal
A group of four banks led by Citigroup faces a loss of …
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Wells Fargo on Tuesday disclosed that federal and state authorities are investigating its lending practices under a key small business relief effort to combat the economic damage from the novel coronavirus
Wells Fargo on Tuesday disclosed that federal and state…
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Big Banks Are Facing Their First Major Test Since the Financial Crisis
This is crunch time for the big U.S. banks. They have s…
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Mỹ phạt ngân hàng lớn nhất Israel gần 900 triệu USD vì trốn thuế
Ngân hàng lớn nhất Israel Hapoalim đã bị Mỹ phạt gần 87…
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BI injects $32.7b into financial system as rupiah strengthens
Bank Indonesia (BI) has injected Rp 503.8 trillion (US$…
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RBI Writes Off Nearly Rs 70,000 Crore Loans Of 50 Defaulters, Including Mehul Choksi & Vijay Mallya. Absconding dimantaire Choksi’s company Gitanjali Gems tops the list of these defaulters with a whopping amount of Rs 5,492 crore, according to the list.
Outstanding loans amounting to Rs 68,607 crore of top 5…
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Hong Kong’s biggest banks are likely to post larger bad loan reserves as coronavirus hits global economy, analysts say. Biggest American banks announced US$25 billion in loss provisions as they prepare for deep downturn
Investors are bracing for potentially large loan loss p…
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Covid-19 Economic Crisis: Measures for G20 Central Banks and Governments
Unlike 2008, when a crisis in the financial system thre…
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Indian Retail Banking Space Is Attracting Foreign Lenders
With the rapidly changing digital technology India has …
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ECB relaxes collateral rules to accept ‘fallen angel’ obligations
The European Central Bank has changed its rules to acce…
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Astra, Standard Chartered sell Bank Permata at lower price to Bangkok Bank
Publicly listed diversified conglomerate PT Astra Inter…
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Gordon French began a sabbatical on April 15, is expected to explore ‘other opportunities’ at the bank. The management shake-up comes as HSBC CEO Noel Quinn realigns the global banking and markets business
HSBC’s investment banking head in Asia-Pacific took a s…
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‘If ever there’s a time to borrow, now is it’
For those worried about the debt involved, including so…
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Beware of scam syndicates: Bank associations
The financial industry has urged the public and small a…
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HDFC Bank Seen Outperforming as Woes Continue for India Lenders
HDFC Bank Ltd. reported net income growth of nearly 18%…
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Bank Indonesia says S&P outlook cut not a reflection of fundamentals
S&P Global Ratings’ downgrade of Indonesia’s outloo…
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The RBI may have reduced the reverse repo rate, but it will be too much of optimism to expect banks’ lending to pick up because of this move.
The Reserve Bank of India’s (RBI) yet another attempt t…
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原通化县农村信用合作社富江信用社主任(现通化海科农村商业银行富江支行)违法发放贷款罪一审刑事判决
张国庆、车延飞、朱连科、吴耀强违法发放贷款罪一审刑事判决书 吉林省通化县人民法院刑 事 判 决 书(2020)…
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The spread of COVID-19 is expected to hit Indonesian banks’ performance this year, but analysts remain hopeful that the industry will still be resilient enough to face the challenges the pandemic is bringing to the economy
The spread of COVID-19 is expected to hit Indonesian ba…
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HK$310 million Japanese bank swindle biggest of year so far for Hong Kong police’s online crime specialists
Anti-deception unit manages to intercept about 80 per c…
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省地方金融监督管理局联合省公安厅、省市场监管局、中国人民银行西安分行以及中国银保监会陕西监管决定在全省开展商业保理清理规范工作
按照《中国银保监会办公厅关于加强商业保理企业监督管理的通知》(银保监办发﹝2019﹞205号)要求,结合我省实…
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In the aftermath of the global financial crisis, the People’s Bank of China (PBOC) effectively held the exchange rate at 6.83 from late 2008 until June 2010. Amid the current economic and financial environment, a PBOC official said late last month that the yuan would fluctuate around the level of 7 yuan ‘in the future’
China’s central bank may be re-pegging the yuan’s excha…
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Myanmar has granted operating licences to seven Asian banks, bringing to 20 the number of foreign banks allowed to do business in the previously isolated market.
Myanmar has granted operating licences to seven Asian b…
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The uncertainty around the global coronavirus pandemic’s duration and severity creates “major downside risks” to the US economy, the Federal Reserve said Wednesday
The uncertainty around the global coronavirus pandemic&…
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As stay-at-home orders to battle the coronavirus are effective in most states, the virus-related restrictions have already shed 29 percent of US daily output, Moody’s Analytics warns as cited by the Wall Street Journal
As stay-at-home orders to battle the coronavirus are ef…
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The purchase by MVB Bank is effective immediately. As of December 31, 2019, First State had approximately $139.5 million in total deposits
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financia…
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Chinese banks, now closely integrated into global supply chains, could be affected if outbreak is not contained by third quarter, China Construction Bank says. Non-performing loan pressure to worsen during second quarter and second half of this year: analyst
After posting better-than-expected results for 2019, Ch…