Business
Singapore bank earnings to continue riding higher-for-longer rates, wealth sector growth in 2025
SINGAPORE banks will likely post earnings growth in 2025, led by higher-for-longer rates and a strong wealth management business, analysts…
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Bank
Business
Thai government says Bank of Thailand chair appointment won’t take too long
THAILAND’S government expects a selection panel to quickly conclude the process to pick a new chairman for the nation’s central bank after…
Business
Thai economic uncertainty has increased, central bank minutes say
UNCERTAINTY around the Thai economy has significantly increased primarily due to the unclear impact of possible US economic policies,…
Business
Bank of Korea governor says monetary easing this year will be flexible
SOUTH Korea’s central bank governor said on Thursday (Jan 2) that the pace of monetary policy easing would need to be flexible this year…
Business
Singapore’s central bank chief on crypto, AI and battling inflation
AS THE central bank of a leading global financial powerhouse, the Monetary Authority of Singapore’s (MAS) policy decisions can have a…
Business
Thai government suffers setback in bid to influence central bank
THE Thai government’s campaign to pressure the Bank of Thailand (BOT) to cut interest rates suffered a significant setback, with the…
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…
Business
Philippine central bank extends 2% to 4% inflation target through 2028
THE Philippines’ central bank said on Friday (Dec 27) it will maintain its current annual inflation target of 2 to 4 per cent through to…
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
Bank of Japan expects further progress in hitting 2 per cent inflation target in 2025
THE Bank of Japan (BOJ) expects the economy to move closer to sustainably achieving the central bank’s 2 per cent inflation target next…
Business
Bank of Japan expects further progress in hitting 2% inflation target in 2025
THE Bank of Japan (BOJ) expects the economy to move closer to sustainably achieving the central bank’s 2 per cent inflation target next…
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
Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last…
Politics
Bank of Japan bids final farewell to Kuroda’s radical policy experiment
IN RARE criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda’s stimulus did not change consumer…
Business
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by 25…
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…
Business
China central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds,…
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…
Business
Panin Bank acquisition could add 2-3% to DBS or OCBC 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…