Tag: finance
US SEC closes investigation of Swedbank
SwedbanK on Saturday said that the US Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement.
The investigation was initiated...
PSALM powers up energy reform with P100B syndicate loan
Two state-owned banks are fueling the government’s energy reform agenda with a P100 billion syndicated loan to PSALM, aimed at clearing liabilities and powering...
British bank shares slide on fears of new tax
LONDON — British bank shares fell sharply on Friday after a think-tank called for a new levy on lenders and a newspaper report said...
China’s big banks warn of more margin pressure in the second half
BEIJING/SHANGHAI — China’s major state-owned banks have warned net interest margins will face increased pressure for the rest of the year as the world’s...
Insurance spending surged 12% in Q2
More and more people made use of insurance products and services in the second quarter of the year, according to the Insurance Commission.
The average...
