Banking & Finance
Banking & Finance
Banks’ profitability ratios drop in Q2
The banking sector’s profitability ratios declined in April to June despite system-wide credit growth, higher assets, deposits and capital.
Based on Bangko Sentral ng Pilipinas...
Banking & Finance
Consumer protection: TransUnion’s fraud council ready measures to reduce financial losses
Private credit bureau, TransUnion Philippines, in collaboration with local and foreign banks, will soon recommend anti-fraud measures as they mark the first year of...
Banking & Finance
SMBC raises stake in Jefferies to up to 20% with additional $912M investment
Japan’s Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group, will invest a further 135 billion yen ($912.84 million) in US...
Banking & Finance
Mexico’s central bank to cut benchmark rate by 25 bps to 7.50% on Sept 25
BUENOS AIRES — Mexico’s central bank is set to again lower its benchmark interest rate by a quarter of a percentage point on September...
Banking & Finance
Singapore reviewing short seller claim against India’s Vedanta, documents show
LONDON — The Singapore Police Force is reviewing a complaint by short seller Viceroy Research that natural resources conglomerate Vedanta Ltd VDAN.N improperly funded...
