Culture
Bank stocks drive Singapore shares higher on Tuesday; STI up 0.5%
Across the broader market, losers outnumber gainers 277 to 255 after 1.2 billion securities worth S$1.1 billion change hands SINGAPORE…
Tag
Bank
Culture
India appoints Sanjay Malhotra as new central bank chief
INDIA named Sanjay Malhotra, a career bureaucrat, as the new governor of the nation’s central bank, ending weeks of speculations over who…
Fashion
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…
Fashion
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…
Fashion
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…
Culture
Barclays promotes 116 staffers across bank to managing directors
BARCLAYS promoted 116 employees across the bank to its managing director ranks. The investment bank took the largest share of the…
Lifestyle
Amid a cash shortage in Gaza, paper money is starting to disintegrate, adding to desperation
DEIR AL BALAH, Gaza Strip — The tools of his newfound trade arrayed before him, Mohammad Al-Ashaqar, a jeweler for decades, prepares…
Culture
Bank Indonesia says it’s ready to intervene to steady rupiah
INDONESIA’S central bank said it was ready to intervene in currency markets to steady the rupiah as it weakened towards the psychological…
Culture
Russian money ‘not our business’, says StanChart CEO Bill Winters, as bank doubles down on wealth management
The bank aims to attract US$200 billion in new assets over the next five years, expand relationship-manager team by 50% by 2028 STANDARD…
Culture
China’s central bank chief signals support for economy in 2025
CHINA’S central bank governor reaffirmed plans for a supportive monetary policy to promote growth next year, as the economy faces fresh…
Culture
Australia’s central bank says risks from non-bank lenders limited
AUSTRALIA’S central bank said on Monday (Dec 2) that risks from non-bank lenders in securitisation are limited as the labour market…
Business
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…
Business
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…
Fashion
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…
Fashion
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…
Fashion
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…
Culture
Australia’s central bank overhaul revived in last minute talks
AUSTRALIA’S plans to overhaul the Reserve Bank of Australia (RBA), including splitting the current board in two, may be back on the agenda…
News
Elon Musk Sets His Sight on Helping Foment Massive Bank Fraud
The richest man on earth wants to eliminate the Consumer Financial Protection Bureau. “Delete CFPB. There are too many duplicative…
Culture
Bank of America down a notch on ‘too big to fail’ list
THE body that monitors the global financial system on Tuesday (Nov 26) moved US lender Bank of America down a notch and French counterpart…
Fashion
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…
Culture
Thai banks’ bad loans highest in nearly 3 years, but manageable: central bank
THAI banks’ non-performing loans (NPLs) rose to 2.97 per cent of outstanding loans at the end of September, the highest level in nearly…
Fashion
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…
Fashion
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…
Fashion
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…