Latest business news
(Bloomberg) — Investors are so eager to buy the riskiest bank debt that they’re snatching up securities even from unproven borrowers. A UK bank rescued from collapse less than two years ago, a lender to small businesses and an online loan provider are among a swathe of firms selling their first Additional Tier 1…
ROME (Reuters) -European Central Bank policymaker and Bank of Italy Governor Fabio Panetta called on Friday for close monitoring of the reputational risks banks face in providing crypto-asset services, warning that losses could harm the trust of customers. Presenting the Bank of Italy’s annual report, Panetta warned about the growing links between the world of…
Mumbai, May 29 (PTI) The value of gold (including gold deposit) held as asset of Reserve Bank increased by 57.12 per cent to ₹4,31,624.8 crore as on March 31, 2025, mainly on account of addition of 54.13 metric tonnes of precious metal and increase in its prices. The value of gold held as asset of…
Eric Trump told attendees at a cryptocurrency conference that he wants some big banks to “go extinct,” echoing complaints from other members of the Trump family about the traditional financial system. “Honestly, I would love to see some of the big banks go extinct, because, honestly, they deserve it,” Trump said Wednesday while speaking on…
State Bank of India (SBI), the country’s largest public sector lender, has emerged as the most profitable bank in India for FY25, outpacing leading private sector peers such as HDFC Bank and ICICI Bank. SBI alone accounted for over 40% of the total net profit generated by all listed public sector banks during the fiscal…
MUMBAI (Reuters) – The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on behalf of custodial clients. The rupee closed at 85.6375 per dollar, compared to its previous close at 85.6350….
(Bloomberg Opinion) — With mainstream investment products increasingly finding a second home on the blockchain, it’s a good time to ask what role central banks would play if everything they have learned while policing double-entry bookkeeping over the last 350 years becomes irrelevant. The techno-anarchist vision behind cryptocurrencies like Bitcoin was to free the financial wellbeing of individuals from the clutches of large…
Goldman Sachs Group Inc. was among major global banks to post lower profit in Japan last year, pulling back from a bumper 2023. Net income at Goldman Sachs’s local securities arm fell 30% in the year ended Dec. 31 to ¥27.6 billion , down from a 14-year high marked in the previous year, a filing…
Bank or stock market holiday: India is set to hold a nationwide mock drill on Wednesday, May 7, with all states and Union territories preparing to operationalise air-raid sirens, train people about evacuation protocols, among other key steps, in the event of a “hostile attack” on the nation. As this is the first emergency-like mock…
May 2 (Reuters) – Australian shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in gold-related stocks. The S&P/ASX 200 index rose 0.5% to 8,188.40, as of 0050 GMT, hitting its highest level since March 5. The benchmark is set for a third consecutive…