Banks (Finance)
As a result of the Bank of England's announcement on May 8 to cut the base rate from 4.5 per cent to 4.25 per cent, most high-street banks have warned that interest rates on some savings accounts will be reduced in the coming weeks. While the
Banks (Finance)
Federal Reserve Chair Jerome Powell called on students at a Princeton University pre-graduation ceremony to see the value in public service and to do whatever it takes to defend democracy. Powell's speech was a thinly veiled rebuke to President Donald Trump, who has often threatened to fire the
Banks (Finance)
The rating affirmation reflects Bank of the Philippine Islands' (BPI) adequate capital, healthy liquidity, and good profitability, which are balanced against the bank's deteriorating asset quality, driven by rapid loan growth into higher-risk consumer segments. Key Takeaways: * BPI's Baa2 long-term deposit ratings, senior unsecured ratings,
Banks (Finance)
The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited for its RLN129 Index Linked Notes, part of the bank's Structured Note Programme. The programme, with total notes issued amounting to ZAR111.88 billion, includes the current issuance of ZAR14.80 million
Banks (Finance)
Moody's ratings agency has reaffirmed the credit ratings of three major Philippine banks: BDO Unibank Inc., Metropolitan Bank and Trust Company, and Bank of the Philippine Islands, citing stable asset quality, strong solvency, and healthy liquidity. However, the banks are unlikely to receive credit rating upgrades due to
Banks (Finance)
Metrobank's strong solvency, balanced against weakened funding and liquidity metrics, has led Moody's Investors Service to affirm its Baa2 ratings. The bank's robust asset quality and stable profitability underpin its strong solvency, with a reported nonperforming loans ratio of 1.6% as of March
Banks (Finance)
Moody's Investors Service has confirmed BDO Unibank, Inc.'s strong credit profile, citing its stable asset quality, robust funding and liquidity, and adequate capital. The bank's high consumer loan growth over the past three years has been offset by its robust underwriting and focus on
Banks (Finance)
The Standard Bank of South Africa Limited has solidified its position in the financial market by securing a listing on the Johannesburg Stock Exchange (JSE) for its RLN132 Index Linked Notes. This latest move represents a critical expansion of the bank's financial offerings, underscoring its commitment to market
Banks (Finance)
The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's newly issued financial instrument, SBEN51, a South African rand-denominated equity index-linked note. The note, with an authorized program size of ZAR 150 billion, has issued a total of ZAR 111.819 billion
Banks (Finance)
The Enforcement Directorate (ED) has made Kerala district units of the Communist Party of India (Marxist) (CPM) accused in a money laundering case arising from the embezzlement of Rs 150 crores from the Thrissur-based Karuvannur Cooperative Bank. This is the second instance of a political formation being named as an
Banks (Finance)
The Johannesburg Stock Exchange (JSE) has granted a listing to The Standard Bank of South Africa Limited for its SBEN51 Equity Index Linked Notes, as part of the bank's Structured Note Programme. This addition brings the total notes issued under the Programme to ZAR111.82 billion, with a
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public about phishing attempts by banks, specifically highlighting incidents involving The Bank of East Asia, Limited. The authority has advised members of the public that banks will not send SMS or emails with embedded hyperlinks to direct customers
