Business
Bank Indonesia’s 25% stake in bond market fuels liquidity fears
INVESTORS in Indonesia are growing increasingly wary about potential stress in the nation’s bond markets as the central bank ramps up debt…
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Bank
Business
Bank of Japan debated rate-hike timing, some called for near-term move, December summary shows
SOME Bank of Japan (BOJ) policymakers saw conditions falling into place for an imminent rate hike with one predicting a move “in the near…
Business
US Fed floats major changes to bank stress tests in light of legal rulings
THE US Federal Reserve said on Monday (Dec 23) it was considering major changes to its annual bank “stress tests” in light of recent legal…
Business
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to…
News
Former Prison Guard Zephen Xaver Sentenced to Death for Cold-Blooded Murder of Five Women Inside Florida Bank
Zephen Xaver, a former prison guard trainee, was sentenced to death on December 16, 2024, for the 2019 execution-style murders of five…
Business
HSBC sued by Australian regulator for bank scam loss failures
AUSTRALIA’S markets watchdog sued HSBC Bank of Australia for failing to protect customers who lost millions of US dollars in scams. HSBC…
Business
South Korea’s central bank vows to stabilise markets amid political turmoil
SOUTH Korea’s central bank vowed to stabilise financial markets and highlighted the importance of “uninterrupted implementation” of key…
Business
Panin Bank acquisition could add 2-3% to DBS’ or OCBC’s profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total…
News
Prosecutors link rapper Lil Durk to second killing as judge orders him jailed in L.A. case
Federal prosecutors said Thursday that rapper Lil Durk, who is accused of commissioning a murder two years ago in Los Angeles, may be…
Business
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar…
Business
Boutique bank Raine to shut Hong Kong base, offers staff Singapore move
RAINE Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser…
Business
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are…
Business
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest…
News
Palestinian reports: Some 120 killed in Gaza; W Bank gunman wounds 4
At least 120 people have been killed in Israeli military attacks in the Gaza Strip since Thursday night, according to Palestinian reports…
News
Several injured in attack on a bus near West Bank settlement
Several people have been injured after a gunman opened fire on a bus near an Israeli settlement in the West Bank. Three people were…
Business
Bank Negara Malaysia calls for fair insurance pricing as medical costs soar
BANK Negara Malaysia (BNM) on Thursday (Nov 28) instructed insurance companies to reassess their repricing strategies to ensure fairer…
Business
Australia central bank says inflation too high for near-term rate cut
AUSTRALIA’S top central banker said on Thursday (Nov 28) that core inflation was too high to allow for rate cuts in the near term, all but…
Business
New Zealand’s central bank to debate 25 or 50 basis points rate cut in February
NEW Zealand’s central bank will debate whether to cut interest rates by 25 or 50 basis points in February, a senior central banker said on…
Business
Citigroup slashes promotions as it seeks to overhaul bank, FT reports
CITIGROUP is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink…
Business
StanChart is front-runner as dollar settlement bank in India hub
STANDARD Chartered has emerged as the front-runner to become the settlement bank for real-time US dollar-denominated trades in India’s…
Business
Barclays to add Singapore as private bank booking centre by 2026
BARCLAYS plans to add Singapore as its second booking centre for its private bank operations in Asia Pacific, marking a full return to the…
Business
Bank of England suppressing debate on long-term rates, ex-policymaker says
BANK of England (BOE) governor Andrew Bailey is suppressing a critical debate about where interest rates will settle in a move that may…
Business
Goldman, Morgan Stanley, Bank of America ask buyers of bank risk to disclose leverage
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use…
Business
Brazil development bank signs deal with AIIB for nearly $3 billion in investments
(Reuters) - Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB)…