bank

Singapore's Biggest Bank DBS Cuts CEO’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.

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HSBC

HSBC Hit With $73 Million Fine by UK Watchdog for Deposit Protection Failings

The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.

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People's Bank of China

China Is Lowering Reserve Requirements for Banks to Bolster Slowing Economy

China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.

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Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank shareholders are facing a pivotal decision as they vote on a rescue deal crucial to the bank's future.

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Impact Measurement Tool Introduced By UK Impact Investment Bank

UK Impact Investment Bank Launches Impact Measurement Tool

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Demonetization Causes Currency Crisis, Badly Affects Different Sectors

Prime Minister Narenda Modi had scrapped off the Rs 500 and Rs 1,000 notes, hurting different sectors of the economy. The move resulted to decreased sales and slowed operations on sectors like automobiles, tourism, banking and e-commerce.

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Axis Bank MD And CEO Shikha Sharma Predicts Retail And SME Sectors As The Next Bubbles

Reports have foreseen that retail and sme sectors will be the next bubbles.

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TD Ameritrade - TD Bank Deal Is At Close To Scottrade Deal

The deal between TD Ameritrade and Bank Deal is almost near to the scottrade deal.

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2016 Bank of America Chicago Marathon Commences; Chumba, Kiplagat Aims to Defend Titles

Men and Women came to join again the said marathon to defend their titles and to be the best of the best.

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$400M forfeited by Wells Fargo

Wells Fargo is at the middle of big scandal right now as it is being investigated by board and senate.Answers several authority inquiry.

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Wells Fargo Settled $1.2 Billion Over Bad Housing Loans Secrecy

As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.

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Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO

Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.

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China Replaced The Chairman of Its Top Securities Regulator Over Market Turbulence

China’s ruling party decided to replace the country’s chairman of the securities regulator, Xiao Gang, with former central banker Liu Shiyu. The regulator has taken the blame for failing to stabilize the market turbulence in the country over the year.

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China's central bank reveals plan to launch digita currency

The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.

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Alibaba finance arm, Juneyao airline both get private bank approval

Alibaba Group Holding Ltd's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.

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