Business
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year Bank Indonesia (BI) will strike a balance…
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Bank
Business
Bank of Singapore to invest in hiring, tech to boost assets, CEO says
Bank of Singapore plans more investment in hiring and technology as it aims to climb into Asia’s top five private banks within five years…
Business
New Zealand central bank says economic recovery picking up
Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New…
Business
New Zealand central bank cuts cash rate by 25 bps to 2.25%
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its lowest level since…
Business
Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey Bank of America (BOA)…
Business
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health The European Central Bank is examining…
Business
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49% Singapore’s biggest bank has withdrawn an…
Business
Indian central bank likely intervenes to prop up rupee before local market open, traders say
The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders told…
News
Paratroopers kill terrorist who threw rocks at Israeli citizens, soldiers near Ofra in West Bank
IDF troops, operating with Shin Bet direction, arrested more than 60 wanted suspects across the West Bank last week, including 18 Hamas…
Business
Thai central bank sees room for rate cut, wants a weaker baht
THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
Business
Indian rupee slides to record low, central bank likely intervenes near 89.50/USD
The Indian rupee weakened to a lifetime low against the dollar on Friday (Nov 21), pressured by shrinking risk appetite amid fading…
Business
Bank of Japan drops fresh hints of near-term rate hike as yen slides
The remarks keep alive the possibility of a rate hike as soon as its next policy meeting on Dec 18 and 19 The Bank of Japan (BOJ) will…
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Deutsche Bank warns of Japan capital flight in echo of UK crisis
Concerns over Takaichi’s spending plans have sent government bond yields to multi-decade highs and the yen has weakened to its lowest…
Business
China’s top investment bank CICC plans three-way merger
China International Capital Corporation (CICC), the nation’s top investment bank, plans to combine with two smaller brokerages in a…
Business
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights China International…
Business
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year Bank Indonesia’s (BI) balancing act…
Business
US Fed official defends easing of bank oversight as concerns mount
THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that…
Business
Deutsche Bank joins Barclays, Apollo targeting energy transition deals
Deutsche Bank increased its environmental, social and governance (ESG)-related financing goals to target deals in high-carbon sectors.…
Business
Deutsche Bank unveils more ambitious cost and profit targets for 2028
It wants to increase revenue to around 37 billion euros in 2028, up from around 32 billion euros in 2025 Deutsche Bank on Monday (Nov 17)…
Business
Over 180 Bank Accounts Frozen, S$486,000 Seized in Islandwide Scam Crackdown in Singapore
The Singapore Police Force's Anti-Scam Command (ASCom), in collaboration with local banks, has frozen more than 180 bank accounts linked…
Business
ABN Amro to buy NIBC Bank from Blackstone for 960 million euros
The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing ABN Amro Bank said it will acquire NIBC Bank…
Business
China’s central bank to maintain accommodative policy as challenges persist
It will keep liquidity ample, keep prices reasonable, and lower the costs of banks’ liability and social financing China’s central bank…
Business
Thailand’s central bank chief breaks tradition with a simple ‘hello’
“JUST popping in to say hello.” Late one Tuesday night, Bank of Thailand Governor Vitai Ratanakorn surprised more than a hundred…