Latest News for: Bank assets

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Sterling Bank Retains “BBB+” Rating with Positive Outlook

This Day 29 Nov 2022
Sterling Bank ... “The Bank also has strong Liquidity coverage for the mismatch in the maturity profiles of its deposit and loans, the liquid assets of the Bank provide adequate cushion resulting in Net Liquidity Surplus of N63.5b in the long-term.,” The statement said.
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JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse

Bitcoin 29 Nov 2022
The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency ... Global investment bank JPMorgan published a report Thursday outlining major changes it expects to happen in the crypto industry following the collapse of cryptocurrency exchange FTX.
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FTX Leadership Misrepresented Bahamas Authorities’ Actions, Says AG

CryptoPotato 29 Nov 2022
One measure taken was to freeze the assets of FTX Digital Markets – the Bahamian subsidiary of the company ... The Bahamas, whose GDP is largely made up of the countries’ strong off-shore banking sector, used its authorities’ experience in similar matters and immediately froze all possible assets of both FTX and FTX Digital Markets.
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NDIC Disburses N113.2bn to Insured, Uninsured Depositors

This Day 29 Nov 2022
“It is most profound for me to say that out of the 49 DMBs in-liquidation, the Corporation in September 2022 declared 100 per cent liquidation dividend in 20 of those institutions, meaning that the Corporation has realised enough funds from their assets to fully pay all depositors of the listed banks.”.
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Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital

Vietnam News 29 Nov 2022
the Government could easily resolve the situation by encouraging banks to lend to real estate developers (by reducing the capital charge on loans to developers, for example), it can expedite the approval process for new projects to alleviate developers’ asset-liability mismatch ...
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KAIZEN Asset Management Achieves “WELL Health-Safety Rating” for 90 Properties in its Portfolio from the International WELL Building Institute (IWBI)

Algeria Times 29 Nov 2022
All ninety properties in KAIZEN Asset Management’s portfolio were assessed on the basis of the following six health and safety pillars ... Green Building Council.Banking on its approach of ‘Creating Memorable Experiences’, KAIZEN Asset Management has established itself as a distinctive brand within the UAE market.
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Yes Bank buys 9.9% stake in JC Flowers ARC, to acquire additional stake

Live Mint 29 Nov 2022
The lender said that it plans to acquire further 10% ...
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Policies to stabilize real estate financing

People Daily 29 Nov 2022
Large State-owned commercial banks are taking the lead in ramping up real estate financing. The Industrial and Commercial Bank of China, the country's largest commercial lender by assets, said on Thursday it will provide 655 billion yuan in credit lines to 12 developers.
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Morning Bid: China + policy hawks = drag on markets

Reuters 29 Nov 2022
Chinese assets are, unsurprisingly, under pressure - the offshore yuan fell on Monday for a fifth straight day and Chinese stocks had their biggest decline in a month ... If anyone was in any doubt, the hawks at the big central banks are not backing down. Risk assets are under ...
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Looming S&P 500 bear case sees 15% drop on Fed balance-sheet unwind

The Times of India 29 Nov 2022
QT is a key part of the monetary system that controls the amount of liquidity that affects asset prices ... changes in the Fed’s balance sheet; the Treasury General Account (TGA), or Treasury cash held at the central bank; and Reverse Repo Facilities (RRP), or cash parked at the Fed by money market funds and others ... In August, Bank of America Corp.
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Protests in China send a chill through global markets

CNN 29 Nov 2022
Earlier this month, as FTX unraveled, BlockFi (think of it as a crypto bank — it gave out loans using digital assets as collateral) halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda.
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Regions Bank Launches Multi-Assets Solutions Group, Combining Investment Research Strengths of Regions and Highland Associates

The Galveston Daily News 28 Nov 2022
Regions Bank on Monday announced the launch of its Multi-Assets Solutions Group, the result of combining the bank’s Investment Research Group with the research team from Regions subsidiary Highland Associates ... The acquisition complemented Regions’ existing asset management and health care banking practice areas.
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Metrobank gets award for strong 2022 balance sheet

Manila Standard 28 Nov 2022
Metropolitan Bank & Trust ... Meanwhile, with its prudent management of credit risk, the bank demonstrated stronger asset quality than its peer banks in the country,” Asian Banker said in its citation for choosing Metrobank as the Philippines’ strongest bank by balance sheet for 2022.
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Metrobank named strongest bank in the country

The Manila Times 28 Nov 2022
Meanwhile, with its prudent management of credit risk, the bank demonstrated stronger asset quality than its peer banks in the country," said Asian Banker in its citation for choosing Metrobank as the Philippines' strongest bank by balance sheet for 2022 ... The bank's consolidated ...
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Singapore requires banks to hold $125 for every $100 Bitcoin exposure

Cryptoslate 28 Nov 2022
28 that banks in the country must hold $125 of capital against every $100 exposure to risky crypto assets like Bitcoin (BTC) and Ethereum (ETH) ... However, pending the release of that framework, Shanmugaratnam said the financial regulator has ensured that banks in the country have ...

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