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Standard Chartered Shares Fall 9% After U.S. Lawmaker Calls for Probe
Standard Chartered shares fell nearly 9% on Friday after US Republican lawmaker Elise Stefanik asked Attorney General Pam Bondi to launch a probe into the bank over alleged sanctions evasion.

By The Financial District
Aug 261 min read


SoftBank Strengthens Role in AI Race
SoftBank and Intel confirmed Monday that Masayoshi Son’s conglomerate will invest $2 billion in Intel stock, making SoftBank the chipmaker’s sixth-largest shareholder.

By The Financial District
Aug 251 min read


Company Launches Financial Intermediary for Doctors
Facing critical shortages of doctors and nurses, startup Medallion launched a new financial intermediary to ease the administrative burden on physicians.

By The Financial District
Aug 211 min read


Millions Of Americans To Pay 75% Surge In Insurance Premiums Next Year
A perfect storm of rising health care costs, expensive new drugs, and the scheduled end of enhanced federal subsidies could drive Affordable Care Act (ACA) Marketplace premiums to their steepest levels in years—hitting more than 24 million Americans in their wallets.

By The Financial District
Aug 202 min read


Trump Orders Goldman Sachs to Oust Its Top Economist
President Donald Trump said Goldman Sachs CEO David Solomon should either replace the bank’s chief economist or “just focus on being a DJ.”

By The Financial District
Aug 182 min read


Japan’s SoftBank Sees Better Fortunes on Surging AI Stocks
Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen ($2.9 billion) profit in the April–June quarter, rebounding from a loss a year earlier.

By The Financial District
Aug 141 min read


Standard Chartered CEO Works At the Office Only Four Days A Week
Standard Chartered CEO Bill Winters is standing out in the global banking sector by maintaining a flexible hybrid work policy and resisting the rigid office mandates now sweeping Wall Street.

By The Financial District
Aug 122 min read


Latest U.S. Economic Data Could Weaken Banks’ Strong Run
Weaker-than-expected economic data—underscored by July’s disappointing payroll report recently released—is challenging the strong momentum that has propelled U.S. bank stocks to record highs this year.

By The Financial District
Aug 111 min read


BOE Likely to Cut Rates Despite Spike In Inflation
The Bank of England (BOE) is likely to deliver another interest rate cut on Thursday, as tax hikes and wary consumers weigh down Britain’s economy and prompt firms to slow hiring.

By The Financial District
Aug 81 min read


Student Borrowers Risk Having Their Wages Garnished Over Loans
Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion.

By The Financial District
Aug 81 min read


UK’s Fintech Giant Revolut to Open Global Hub In PH
The United Kingdom’s leading financial technology (fintech) firm, Revolut—which currently serves over 60 million users and facilitates more than half a billion transactions every month worldwide—is set to establish its second Global Tech Hub in Asia, right in the Philippines.

By The Financial District
Aug 63 min read


UBS To Pay $300-M To Resolve U.S. Mortgage Securities Cases
UBS said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the U.S.

By The Financial District
Aug 51 min read


Even As Americans Swim In Debt, They Still Hold Up Fine, Says Bank
ericans are carrying more debt than ever, but so far, borrowers appear to be managing, according to financial results from Synchrony.

By The Financial District
Aug 41 min read


Ex-Citigroup Chairman Donates $100-M For Cancer Research Hubs
Sanford “Sandy” Weill, the former CEO and chairman of banking giant Citigroup, and his wife Joan, longtime donors to medical research on both coasts of the U.S., are stepping up their efforts.

By The Financial District
Aug 41 min read


HSBC Profit Tumbles As China Losses Mount
HSBC Holdings reported a sharper-than-expected drop in profit, weighed down by write-downs linked to its exposure to a Chinese bank and Hong Kong real estate.

By The Financial District
Aug 41 min read


BDO Raises ₱115 Billion In ASEAN Bonds
BDO Unibank, Inc. successfully raised PHP115 billion for its fourth peso-denominated ASEAN Sustainability Bond issuance—23 times oversubscribed from the original offer of PHP5 billion.

By The Financial District
Jul 301 min read


$550-B Package In Trade Deal Could Finance Taiwanese Chipmaker In U.S.
Japan’s $550 billion investment package, agreed to under this week’s U.S. tariff deal, could help finance a Taiwanese company building semiconductor plants in the U.S.

By The Financial District
Jul 302 min read


Citi Launches Strata Elite Card To Compete With AmEx and Chase
A new but familiar player is entering the high-end credit card arena. Citigroup is launching the Strata Elite Card, its latest attempt to claim a share of the high-fee, high-rewards market.

By The Financial District
Jul 291 min read


GOCCs Remit ₱105-B As Of July; Landbank, PAGCOR, BSP Top Performers
Government-owned and -controlled corporations (GOCCs) have remitted a total of ₱105 billion to the National Treasury as of July 2025, providing crucial funding for the administration’s public services and development projects.

By The Financial District
Jul 242 min read


Wells Fargo Exit Ban Revives Fears About Doing Business In China
Fears that employees of foreign firms could become entangled with Chinese authorities have resurfaced following news that a U.S. bank employee at Wells Fargo has been banned from leaving the country.

By The Financial District
Jul 231 min read


BSP Boosting Financial Inclusion Across All Sectors
The Bangko Sentral ng Pilipinas (BSP) is ramping up efforts to expand and enhance financial inclusion across all sectors in the country.

By The Financial District
Jul 212 min read


BOJ Completes Sale Of Bank Stocks, Shifts Focus To ETFs
The Bank of Japan (BOJ) has completed the sale of stock holdings it acquired from distressed banks during Japan’s domestic banking crisis in the early 2000s and the subsequent global financial crisis.

By The Financial District
Jul 211 min read


Major Banks May Earn, But Market Rally May Peter Out: Barron’s Daily
As the four largest U.S. banks—JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup—report earnings this week, some analysts are warning clients that valuations are stretched and that the current market rally could soon lose momentum.

By The Financial District
Jul 161 min read


Bank of America Loses Major Kuwaiti Sovereign Fund Investor
Bank of America has lost another key investor as the Kuwait Investment Authority (KIA)—the Gulf state’s trillion-dollar sovereign wealth fund—sold its $3.1 billion stake in the bank.

By The Financial District
Jul 111 min read
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