The Hong Kong Monetary Authority (HKMA) has launched an initiative to assist banks in adopting distributed ledger technology. On Jan. 8, the Hong Kong central bank announced…
The six biggest banks in the US have all quit the global banking industry’s net zero target-setting group, with the imminent inauguration of Donald Trump as…
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution,…
Larger banks have been acquiring smaller rivals at a steady pace, further increasing their market share and streamlining their operations. Read More: The year 2025 might…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1.…
AI could boost pretax earnings by up to 17%, or $1.5 billion a year, at Hong Kong banks BOCHK, Hang Seng, and BEA, based on Bloomberg…
The banking industry of Bangladesh is going through a critical period marked by significant challenges, including the largest amount of non-performing loans (NPLs) ever, extreme liquidity…
Thirteen years ago, in FY11, public sector banks employed 755,102 people, while at the end of FY24, the number stood at 756,015, the RBI data showed.…
Images By Tang Ming Tung | Digitalvision | Getty ImagesMany people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a…
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit…