In a positive earnings surprise, Singapore’s largest bank DBS reported a robust 17% jump in third-quarter profits, handily beating analyst…
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BankingInvestmentTop News
Southeast Asia Funding at Its Lowest: What It Means for Startups and Investors
by Lucas Finisby Lucas FinisSoutheast Asia’s digital economy has been on a wild ride in recent years, with record-high funding levels in 2021 and…
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Mortgage Demand Plunges To Lowest Level Since 1995 As Soaring Rates Price Out Homebuyers
by Jack B.by Jack B.Mortgage application volume has fallen dramatically, dropping to its lowest level since 1995 according to new data from the Mortgage…
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BankingInvestmentTop News
Goldman Sachs Tops Q3 Estimates As Bond Trading Revenue Surges, But Headwinds Remain
by Jack B.by Jack B.Goldman Sachs surprised Wall Street this week by topping third-quarter earnings estimates, fueled by blowout performance from its fixed-income trading…
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Big Bank Earnings Rebound Leads to Cautious Optimism, But Sustainability Remains Uncertain
by Lucas Finisby Lucas FinisMajor U.S. banks recently posted stronger-than-expected profits, sparking some optimism after a turbulent year. However, analysts caution the earnings rebound…
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BankingTop News
Top Banks Kick Off Q3 Earnings Season Amid Mixed Outlook on Rates and Credit
by Jack B.by Jack B.Top U.S. banks kick off the third quarter earnings season on Friday, marking a pivotal moment amid rapidly rising rates…
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Millions of Social Security recipients are set to see a higher benefits payment in 2024, with the annual cost of…
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BankingTop News
China’s state banks seen selling dollars for yuan in London and New York hours
by Jack B.by Jack B.Reports indicate that China’s major state-owned banks have been actively selling U.S. dollars to acquire yuan in both onshore and…
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BankingTop News
US bank stocks fall on prospect of tougher oversight, more downgrades
by Lucas Finisby Lucas FinisThe shares of U.S. banks experienced a decline on Tuesday as concerns over tighter regulations and potential downgrades by Fitch…