Cash at Chinese banks swells to record high as borrowing slows
China debt crunch Lenders are carrying $9.4tn more in deposits than they have out in loans A shopping…
Somalia to expand instant payment system linking banks and mobile money platform
Monday July 27, 2026 Mogadishu (HOL) — The Central Bank of Somalia has announced plans to expand the…
Moody’s: AI spending threatens credit quality of Amazon, Meta, Alphabet
Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg,…
BSP asks e-wallets, some banks to explain why transfer fees not 'minimal' – ABS-CBN
BSP asks e-wallets, some banks to explain why transfer fees not ‘minimal’ ABS-CBN(6th UPDATE) More banks and e-wallets are…
JPMorgan among banks to help finance Japan’s $550 billion U.S. investment plan: sources
JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan’s $550 billion U.S.…
The traditional bank account is facing an existential threat from digital wallets
Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could…
The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings…
BOJ likely to raise growth forecast and stand pat, sources say
The Bank of Japan is likely to consider raising its economic growth forecast at its July meeting while…
Goldman Sachs and JPMorgan Chase are emerging as AI winners
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon.…
Banks, e-wallets invited to explain transfer fees
THE Bangko Sentral ng Pilipinas (BSP) has asked some banks and electronic money issuers to explain their electronic…
Japan’s bank lending rises fastest since COVID-19, backing BOJ’s path
Japan’s bank lending expanded at the fastest pace since the COVID-19 pandemic, suggesting credit is still accessible and…
Prabowo risks prompt global banks to pull cash out of Indonesia
The three biggest foreign banks in Indonesia have shipped around $640 million of their earnings out of Southeast…