Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan.
Leading German firms have rushed to defend Deutsche Bank amid concerns over the troubled lender's financial health.
Jim Yong Kim was appointed for another five-year term as World Bank president, maintaining continuity at the development bank amid a growing debate about how fairly globalization’s benefits are being shared.
Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.
SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase.
For the last three years, JPMorgan Chase's hiring practices in China were at the center of a federal bribery investigation.
China's first national gene bank, China National Genebank, will open in the southern city of Shenzhen on Sept. 22, with the goal of protecting, researching and utilizing genetic resources, Nanfang Daily reported. The gene bank hopes to boost the genetics industry and safeguard China’s genetic information.
After a swift start, the Asian Infrastructure Investment Bank (AIIB) has solid governance, good policies and good cooperation among members to take the challenge of building up more projects, a Dutch policy advisor said on Tuesday.
A rare run of outperformance by U.S. bank shares appears to have hit a wall as a spate of soft readings on the economy have tempered bets that the Federal Reserve might raise rates soon.
Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday that the Chinese economy will keep growing steadily, while signaling his readiness to implement existing or yet-to-be-crafted measures to expand its monetary policy here in the face of growing market concerns.
Canada announced Wednesday that it had decided to apply for membership of the Asian Infrastructure Investment Bank (AIIB), a sign of growing international confidence in the China-initiated multilateral bank.
China's central bank announced 14-day reverse repurchase agreements (repos) on Wednesday, the first use of the loans since February this year, which analysts said would help ease money market rate fluctuations and relieve intensive reverse repo maturity pressure.
The Philippine central bank said on Friday (Aug 5) it will fine Rizal Commercial Banking Corp (RCBC) 1 billion pesos (S$28.6 million) in relation to the Bangladesh Bank cyber heist, one of the largest digital bank thefts in history.
DBS Group Holdings' ability to handle nonperforming loans was questioned by analysts at JPMorgan Chase after the Singaporean bank revealed potential losses from its S$700-million exposure to a troubled oil- services firm.
Japan's central bank on Friday decided to further expand monetary easing to support economic recovery and avoid any possible negative impact from Britain's vote to leave the European Union.
The Bank of East Asia is facing questions over the robustness of its anti-money laundering procedures in mainland China following bank transactions leaked by the media on the weekend that purport to show the Hong Kong-based lender may have been used as a conduit to disburse large sums of money to senior executives at Shandong-based Evergrowing Bank.
Bank of Japan Governor Haruhiko Kuroda on Thursday said the central bank stood poised to unleash further stimulus measures if necessary as it continues to chase its lofty 2 percent inflation target, while maintaining an upbeat view of the economy.
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