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Wednesday, 18 July 2018

Thomas Blott' s stories

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  • Strains appear for Australian banks

    People & Markets | 10 November 2017

    Australia’s big four banks are still earning record profits, mostly on modest lending growth and a focus on costs, but they are starting to feel the impact of cracks in the property market, heightened competition and an increased regulatory burden.

  • Singapore's DBS profit slumps on rising provisions

    People & Markets | 10 November 2017

    DBS Group Holdings took a hit on its earnings last quarter after raising net provisions in an attempt to cure its bad loan problems once and for all.

  • A logo of Industrial and Commercial Bank of China Ltd (ICBC) is seen on a foggy day in Jinan, Shandong province, China.

    China big banks post higher profits

    People & Markets | 03 November 2017

    Four of China’s big five banks reported higher quarterly profits, bouncing back after a difficult few years of shrinking margins and rising bad loans.

  • Australia's NAB to cut 6,000 staff

    People & Markets | 03 November 2017

    National Australia Bank said it will shed 6,000 jobs, joining a growing number of banks looking to cut staffing in the face of changes due to new technology.

  • HSBC profit up on Asia growth

    People & Markets | 03 November 2017

    HSBC’s pre-tax profit soared five-fold in the third quarter as its post-crisis restructuring comes to an end and the bank switches its attention to growth, led by its Asian business.

  • nomura abenomics

    Nomura's profit dips as trading income falls

    Ticker | 30 October 2017

    Nomura reported a 15% decline in second-quarter profit on Monday as a global decline in fixed-income trading weighed heavily on its earnings.

  • MOVES-Ex-JPM executive launches cryptocurrency hedge fund

    Ticker | 30 October 2017

    Anthony Wong, formerly head of JP Morgan’s institutional bank sales desk in Hong Kong, has launched a cryptocurrency hedge fund and blockchain advisory firm.

  • ANZ cuts costs and bad debts to grow profit

    People & Markets | 27 October 2017

    Australia and New Zealand Banking Group posted an 18% rise in full-year cash profit as lower costs and an improvement in bad debts offset the impact of lacklustre revenue growth.

  • Resistance melts to HK dual-class shares

    People & Markets | 27 October 2017

    Plans to set up a new third board in Hong Kong were called into question last week after senior government figures signalled that dual-class shares could be introduced on the main board as long as investor safeguards were put in place.

  • ANZ

    ANZ shrinks costs, bad debts to grow profit

    Ticker | 26 October 2017

    Australia and New Zealand Banking Group posted an 18% rise in full-year cash profit as lower costs and an improvement in bad debts offset the impact of lacklustre revenue growth.