Business
Bank of Japan chief’s dogged caution tempers board’s hawkish instincts
In 2024, Kazuo Ueda delivered Japan‘s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of…
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Bank
Business
Commonwealth Bank of Australia reverses job cuts decision over AI chatbots
Lenders around the world are grappling with the use of artificial intelligence and its impact on jobs Commonwealth Bank of Australia (CBA)…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
Business
Barclays’ Singapore private bank business unaffected by Asia head’s exit
Barclays’ private bank in Singapore will operate as normal, despite the departure of the business’ Asia chief amid a restructuring. “The…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi dollar tumbles
New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3 per cent on Wednesday (Aug 20), and flagged…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi tumbles
New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3 per cent on Wednesday (Aug 20), and flagged…
Business
US Fed’s top regulatory official suggests allowing central bank staff to own small amounts of crypto products
Under Trump, the Fed and other bank regulators have already taken several steps to be more open to crypto activities by banks The US…
News
Police arrest Palestinian West Bank resident for alleged ties to Iranian agent
The 24-year-old suspect was apprehended on August 6 during a joint operation by the Israel Police officers from the Etzion police station…
Business
Bank of Singapore launches alternative option to single-family offices for ultra-high-net-worth individuals
The Bank of Singapore Family Office Catalyst allows for advantages traditionally associated with a single-family office, without the need…
Business
iFast Malaysian unit gets central bank approval to operate as e-money issuer
Malaysia-incorporated iFast subsidiary, iFast Pay Malaysia, has received in-principle approval from Bank Negara Malaysia to operate as an…
Business
National Australia Bank third-quarter cash earnings rise marginally
ONAL Australia Bank reported a slight increase in its cash earnings for the third-quarter on Monday, helped by improved margins and growth…
News
Border police rescue Israeli who mistakenly entered Area A of West Bank
The resident of Gan Yavne was driving from the Binyamin area toward Jerusalem when he entered the village by mistake. An Israeli citizen…
Business
Philippine central bank orders e-wallets, payment apps to remove online gambling links
Senators are tackling proposals to either restrict or ban online gambling amid worries over debt and addiction The Philippine central bank…
Business
Thailand’s central bank cuts key rate by 25 bps, as expected
Thailand’s central bank lowered its key interest rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months as it looks to…
Business
Thailand’s central bank cuts rates to lowest in two years to support growth
Thailand’s central bank lowered its policy rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months, to support a…
Business
Commonwealth Bank of Australia’s posts record full-year cash profit
ONWEALTH Bank of Australia reported its best full-year cash earnings and announced a record dividend payout on Wednesday, as strong growth…
Business
Top Philippine bank likely to sustain record profit, CEO says
BDO Unibank, the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its…
Business
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60 per cent, citing a slowdown in…
Business
Philippine central bank governor confident inflation will hit 2% in 2025
The Philippine central bank is confident of achieving a 2 per cent inflation rate this year, the lower end of its 2 per cent to 4 per cent…
Business
Philippine central bank signals August rate cut
— The Philippine central bank signalled on Monday (Aug 11) that it may deliver the first of two remaining interest rate cuts this year at…
Business
Thai king endorses Vitai’s appointment as central bank chief
Vitai Ratanakorn is set to take office from Oct 1, according to a Royal Gazette notification Thailand’s King Maha Vajiralongkorn has…
Business
US regulators to play key role in next crypto, bank fight
[WASHINGTON, DC] A major battle between crypto firms and traditional lenders over interest and bank charter applications is poised to be…
Business
Bank of England cuts rates to 4% after narrow 5-4 vote
The Bank of England (BOE) cut interest rates on Thursday (Aug 7) but four of its nine policymakers – worried about high inflation – sought…
Business
India’s central bank holds rates as expected, but growth risks linger
The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50 per cent on Wednesday, in line with expectations, as policymakers…