Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) said on Monday it expects to deliver an additional revenue of S$3 billion ($2.22 billion) by 2025, after it posted a record first-quarter profit in May.
A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.
Britain's financial watchdog confirmed its investigation into Crispin Odey and the hedge fund he founded for the first time on Wednesday, and defended its supervision of a business thrown into turmoil by allegations of sexual misconduct against Odey.
Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that deepened worries over a sector already suffering from a weak economy.
Australia's AMP Ltd tanked on Wednesday after the country's federal court ruled against the wealth manager in class action proceedings that challenged the validity of some of the changes to its 'buyer of last resort' policy.
The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. Here's a list of people being touted as possible replacements.
With a July policy meeting done and dusted, the head of Australia's central bank is waiting to hear if he will remain at the helm or take an early exit as past policy missteps come back to haunt him.
India's HDFC Bank on Wednesday said its merged loan book with Housing Development Finance Corporation stood at about 22.45 trillion rupees ($273.77 billion) as at the end of the June quarter.
Australia's corporate regulator on Wednesday asked the country's banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First Nations people into low-fee accounts.
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