Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for $700 million, as part of a drive to streamline its operations.
Malaysia’s central bank said on Monday that banks incorporated in the Southeast Asian nation faced limited financial stability risk arising from exposure to China’s largest property developer, Country Garden .
Singapore’s second-biggest bank, Oversea-Chinese Banking Corp (OCBC) , said it had restored all its banking services on Monday after grappling with technical problems that disrupted various banking channels.
National Australia Bank is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing sources.
Credit Suisse, which is now a subsidiary of UBS , posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank.
The steep jump in public debt loads over the past decade and a half, as governments borrowed large amounts of money to battle the Global Financial Crisis and the fallout from the COVID-19 pandemic, is probably irreversible.
Shares in Better Home & Finance Holding clawed back some lost ground in early trading on Friday, after the online mortgage lender plunged in a dismal debut a day earlier following a merger with a blank-check company.
Investment firm Tiger Global Management LLC, known for its early bets on tech firms like Meta and Spotify , on Friday told limited partners it was targeted in a series of misinformation attacks by a former employee, according to a letter seen by Reuters.
India’s market regulator proposed on Friday that brokers and mutual funds should stop the use of unregistered financial influencers in advertising and marketing campaigns.
