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At least 120 people have been killed in Israeli military attacks in the Gaza Strip since Thursday night, according to Palestinian reports on Friday. Palestinian medics told dpa that about…
Several people have been injured after a gunman opened fire on a bus near an Israeli settlement in the West Bank. Three people were seriously injured by gunfire and another person suffered…
BANK Negara Malaysia (BNM) on Thursday (Nov 28) instructed insurance companies to reassess their repricing strategies to ensure fairer implementation for policyholders due to concerns over…
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 ruling out relief for borrowers at its next…
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 Thursday (Nov 28), after having disappointed…
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 headcount, the Financial Times reported on Tuesday…
STANDARD Chartered has emerged as the front-runner to become the settlement bank for real-time US dollar-denominated trades in India’s newest financial hub, according to sources familiar…
BARCLAYS plans to add Singapore as its second booking centre for its private bank operations in Asia Pacific, marking a full return to the wealth hub. Rich clients will be able to park…
BANK of England (BOE) governor Andrew Bailey is suppressing a critical debate about where interest rates will settle in a move that may sow confusion about the stance of monetary policy,…
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use additional debt to invest in significant risk transfers…
(Reuters) - Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais ($2.89…
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division, as CEO Georges Elhedery continues his hunt…
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The…
SINGAPORE’S police will be able to issue restriction orders limiting banking transactions by individuals who are at risk of falling victim to scams, if a new Bill is passed. The Protection…
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest…
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher non-interest income but its lending margin shrank. The…
BANK of England (BOE) officials said the UK bond sell-off that followed last week’s budget announcement was exacerbated by investor positioning, a signal they believe the worst of the…
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from the UK budget and Donald Trump’s…
BANK Indonesia’s monetary policy will focus on maintaining stability in the short-term as a likely victory for Donald Trump in the US presidential election is set to heap more pressure on…
THAILAND’S inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to continue with rate cuts to boost price gains and the…
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by…
A few weeks ago, police in India discovered that scammers had set up a fake bank branch - complete with a logo, office furniture and even some employees - in a village in Chhattisgarh…
KOTAK Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday (Oct 18), leaving the UK-based company to focus on its wealth and…
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on…
