Business
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate…
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Bank
Business
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
Bank of Korea holds rate steady after inflation sped up and won wobbled
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and…
Business
Apple’s iPhone cost could rise 90% if it’s made in US: Bank of America report
It’s possible for Apple to move its iPhone production to the US, but it would almost double the cost of making the device while creating…
Business
Bank Indonesia will act boldly to maintain rupiah stability
Indonesia’s central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and…
Business
Malaysia central bank to look beyond interest rates amid tariffs
Malaysia’s central bank is looking beyond monetary policy to weather the fallout from US President Donald Trump’s duties, arguing that the…
Business
Malaysia central bank to look beyond interest rates amid tariff challenges
Malaysia’s central bank is looking beyond monetary policy to weather the fallout from US President Donald Trump’s duties, arguing that the…
Business
DBS’ printing vendor hit by ransomware attack; bank says about 8,200 customers potentially affected
About 8,200 customers of DBS Bank – as well as those of the Bank of China’s Singapore branch – may have had their customer information…
Business
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information…
Business
Bank Indonesia intervenes in offshore rupiah ahead of reopening
It will aggressively intervene in the onshore markets too when they reopen on Tuesday Bank Indonesia intervened in the offshore rupiah…
Business
Australia’s central bank holds rates steady, warning of ‘pronounced’ global risks
Australia’s central bank on Tuesday left its cash rate steady as widely expected, saying it was still cautious about the outlook, although…
Business
Who Is Charlie Javice and How Did She Defraud Wall Street's Biggest Bank of $175 Million
A shocking conviction of a young and promising female entrepreneur in a multi-million-dollar fraud case has rocked the U.S. fintech…
Business
Deutsche Bank extends CEO's mandate and revamps board in crucial year
Deutsche Bank has extended CEO Christian Sewing’s contract, while its deputy and another top executive will depart as part of a management…
Business
DBS leading race to buy controlling stake in Indonesia's Panin Bank
DBS Group, South-east Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people…
Business
ECB pushes back against calls for looser bank rules
The European Central Bank (ECB) has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US…
Business
Trust Bank rolls out anti-scam feature money lock
Trust Bank announced the roll-out of its money lock feature, Trust Lock, for customers on Wednesday (Mar 26). This allows Trust customers…
Business
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success Around S$500 million in net withdrawals were…
Business
Malaysia central bank sees significant growth hurdles ahead
Malaysia’s central bank said growth risks loom large in its monetary policy considerations, as brewing global trade disputes and…
News
EU concerned about ongoing Israeli military operation in West Bank
The European Union on Saturday expressed its "grave concern" about the repercussion of the Israeli military operation against Palestinian…
Business
Bank of Japan vows to keep tapering bond buying despite rise in yields
THE Bank of Japan (BOJ) will keep tapering its government bond purchases despite recent rises in yields, deputy governor Shinichi Uchida…
Business
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore…
Business
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and…
Business
Bank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and…