OCBC is looking to Greater China and Southeast Asia for a $2.2 billion boost in revenue
Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects…
Goldman in talks to offload Apple credit card, savings products to American Express, source says
Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a…
JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test
Large U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said Friday they plan to raise their quarterly dividends…
Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test
All 23 of the U.S. banks included in the Federal Reserve’s annual stress test weathered a severe recession scenario while…
Wise shares spike 16% as higher interest rates help fintech triple profits
Online money transfer firm Wise’s shares soared 16% Tuesday as the company reported a spike in profits thanks to rising…
A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal
Goldman Sachs is likely to take a large write-down for its 2021 acquisition of fintech lender GreenSky after seeking to…
A.I. has a discrimination problem. In banking, the consequences can be severe
AMSTERDAM — Artificial intelligence has a racial bias problem. From biometric identification systems that disproportionately misidentify the faces of Black…
Fed Chair Powell says smaller banks likely will be exempt from higher capital requirements
New rules expected to require that banks keep more capital almost certainly won’t apply to smaller institutions, Federal Reserve Chair…
