Tag: Finance
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US bank profits dip as lenders rebuild loss cushions
U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion. This is because larger firms grew their loan loss provisions...
Financial risks of climate change overplayed
Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, said a senior HSBC banker in charge of sustainable...
Outspoken market analyst’s Chinese social media accounts suspended
The Chinese social media accounts of an outspoken Hong Kong-based market strategist were suspended after a series of downbeat commentaries and a slump in...
Visa allays slowdown fears as strong consumer spending lifts quarter
Visa Inc said that it expects revenue to accelerate past pre-pandemic levels, reassuring investors of a sustained recovery against the backdrop of challenging macroeconomic conditions...
Blackrock plans first China ETF product this year
BlackRock Inc plans to launch its first product in China's $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff...