UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
Category: Banking
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE: Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it…
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the…
Hong Kong central bank keeps key rate unchanged, tracks Fed move
HONG KONG: The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at…
Curb on DBS’ non-essential banking activities ends
The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank’s non-essential banking…
More Fed officials ready to say goodbye to low-rate world
A growing number of Federal Reserve officials don't see a return to the ultra-low interest rates that prevailed before the…
HSBC Chief Quinn, architect of sweeping overhaul, announces surprise retirement
HONG KONG: HSBC said on Tuesday its Chief Executive Noel Quinn will retire - a surprise departure by its hard-nosed…
CIMB Niaga’s pre-tax profit rises 7.8% to 2.2 trillion rupiah
KUALA LUMPUR: CIMB Group Holdings Bhd’s 92.5%-owned Indonesian arm, PT Bank CIMB Niaga Tbk’s (CIMB Niaga) pretax profit rose 7.8%…
PBOC may up bond trading
CHINA's central bank will likely increase the trading of government bonds as a liquidity management tool, yet such a move…