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NEW YORK: Two of the biggest US banks, Goldman Sachs Group Inc and Wells Fargo & Co, are on the brink of piling into credit-card lending, seeking a share of the US$183bil in fees and interest tied to the product.
KUALA LUMPUR: Malaysian banks have resilient capital and earnings buffers in severe macroeconomic and financial stress, which is a credit positive, says Moody's Investors Service.
CHINA’S banks are in trouble again.
SAN FRANCISCO: Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition.