Business
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to…
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Bank
Business
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current…
Business
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its…
Business
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates The…
Business
Bank of America CEO expects markets revenue to jump in fourth quarter
Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high…
Business
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally…
Culture
Music Bank Global Festival in Japan 2025: A Complete Guide to Upcoming K-pop Concert
Music Bank Global Festival in Japan 2025 is almost here with two amazing hosts, a star-studded lineup of performers, and a special stage.…
Business
New Zealand central bank says policy path not preset, guided by inflation outlook
New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made…
Business
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more…
Business
Australia’s central bank holds rates steady, signals no rush to hike
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending Australia’s…
Business
Australia’s central bank holds rates steady, rules out further cuts
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’ Australia’s central bank…
Business
Bank of England plans staffing cuts because of budget pressures
The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben…
News
Singapore: 36 Under Investigation for Suspected Illegal Online Gambling and Misuse of Bank Accounts
The Singapore police are investigating 36 individuals, aged between 16 and 69, for their suspected involvement in illegal online gambling…
Business
India central bank cuts repo rate by 25 basis points, boosts liquidity
The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday (Dec 5), in line with a consensus view, as record low…
Business
India central bank cuts key rate, boosts liquidity to support ‘goldilocks’ economy
The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday (Dec 5) and left the door open for further easing as it…
Business
Bank of America expands crypto access for wealth management clients
As US President Donald Trump continues to push regulatory relief for the asset class, crypto has been benefiting from widespread…
Business
India central bank to tolerate weaker rupee as inflows dry up
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade…
Business
Fed data suggests central bank has stopped losing money
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to…
Business
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks Banks could give investors a clearer…
Business
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines…
Business
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si Digital bank GXS is cutting…
Business
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Business
Thai central bank proposes new foreign-exchange rules to ease pressure on baht
The Bank of Thailand (BOT) plans to roll out additional measures to ease appreciation pressure on the baht and tighten oversight of…