Business
Phishing for trouble: The returning physical bank token is no silver bullet
Latest effort to counter phishing could rattle less-tech-savvy customers. It also needs a digital ecosystem to work Physical banking…
Tag
Bank
Business
Phishing for trouble: Return of physical bank token is no silver bullet
Singapore is looking to implement what would be a world-first national roll-out of bank tokens Physical banking tokens are making a…
Business
Bank of Canada plans 10% job cuts as PM Carney moves to trim expenses
The central bank is committed to achieving a 15% total budget reduction over the 2026 to 2028 period The Bank of Canada is planning to…
Business
Bank of England keeps rates on hold in knife-edge vote that hints at cut soon
The Bank of England kept borrowing costs on hold on Thursday (Nov 6) but a narrow vote and signs that governor Andrew Bailey might soon…
Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Business
Malaysia's central bank holds key rate at 2.75%, as expected
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by…
Business
Bank of America’s Asia-Pacific president sees a silver lining in US dollar volatility
Investments in South-east Asia to flow to digital infrastructure, data centres, healthcare, says BOA’s Jin Su The US dollar has lost…
Business
US: Wall Street ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
US stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting…
Business
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
Bank of Japan seen keeping rates on hold, yen pressure looms
The Bank of Japan is widely expected to keep interest rates steady on Thursday, but reiterate its resolve to continue pushing up still-low…
Business
Hong Kong central bank cuts interest rate, tracking Fed move
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US…
Business
New Zealand central bank says rate-cut impacts on domestic economy are as expected
New Zealand‘s central bank said on Wednesday that its recent aggressive interest-rate cuts to stimulate a slowing economy at home have…
Business
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
Business
China's central bank to resume bond trading on open market
China’s 10-year government bond yield fell sharply by 2 basis points following comments by PBOC governor China’s central bank will resume…
Business
Swiss National Bank likely intervening to weaken franc: UBS
The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current…
Business
China’s central bank pledges flexible monetary policy to support growth
China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic…
Business
Six Wall Street bank chiefs hold most power since global crisis
The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market…
Business
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July…
Business
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
Business
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23)…
Business
Indonesia’s central bank surprises with decision to hold rates steady
The overnight deposit and lending rates were also kept at 3.75 per cent and 5.50 per cent Indonesia’s central bank unexpectedly held its…
Business
Thailand monetary policy should remain accommodative, central bank minutes show
The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings…
Business
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to…