BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will transfer about US$80 billion in client…
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HSBC names Maggie Ng as Hong Kong CEO, predecessor to lead Hang Seng Bank
Asia-focused lender HSBC on Thursday (Sep 4) picked insider Maggie Ng as the chief executive of its Hong Kong arm, succeeding Luanne Lim who is being appointed as the CEO of Hang…
Malaysia's central bank holds key rate at 2.75%
Bank Negara Malaysia said its monetary policy stance was “appropriate and supportive of the economy amid price stability” — Malaysia’s central…
Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is expanding but remains fragile. The decision to keep…
Bank Indonesia to raise interest paid on government deposits under ‘burden sharing’ deal
Indonesia’s central bank said it had agreed on a “burden sharing” arrangement with the government where it will raise the interest rates it pays on government deposits as a way to help the…
Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan. This was because the banks estimated that cash…
Indonesia's central bank to share some bond coupon payments with government
Indonesia’s central bank has agreed on a “burden sharing” deal where it will give the government some bond coupon payments it receives to fund state programmes such as affordable housing…
Indonesia's central bank wants rupiah to trade around 16,300 a dollar
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the rupiah to a stronger level and will try…
DBS’ plan to buy Alliance Bank stake is said to have stalled
DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory approval to commence talks, according to people with…
China-led bloc to set up development bank in win for Xi
Chinese President Xi Jinping secured an agreement from partner countries to set up a new development bank, realising a longtime ambition in a display of Beijing’s growing influence.…
Japan Post Bank to launch digital yen in 2026
Japan Post Bank said it would launch a digital yen by the end of fiscal 2026 to make it more convenient for its depositors to make digital financial transactions. The move by the…
Mizuho plans more dealmaking to become top Asia investment bank
Mizuho Financial Group is aiming to become Asia’s top investment bank by bolstering equity underwriting and M&A advisory, seeking to replicate the headways the firm has made in the US.…
Deutsche Bank puts India retail banking business up for sale
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it…
ANZ mulls up to 5,000 job cuts in bank revamp: report
Group is mulling a reduction in headcount by as many as 5,000 people as part of a wider restructure under chief executive officer Nuno Matos, according to a report by Capital…
Deutsche Bank fined US$3 million by Hong Kong securities regulator
Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on Thursday (Aug 28). The violations include…
Bank of Japan’s Nakagawa says uncertainties remain high over impact of US tariff policy
Bank of Japan board member Junko Nakagawa said on Thursday that uncertainties remain high over US tariff policies and their impact on the Japanese and global economy. Nakagawa…
Bank of Korea holds for now, lays ground for rate cut after Fed
The Bank of Korea (BOK) paved the way for a possible interest rate cut after an expected move by the Federal Reserve next month, while taking advantage of a modest uptick in the economy to…
Thai central bank sees room for accommodative policy in face of second-half challenges
Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year, including from US tariffs, the minutes of the central…
Talent a key priority for new GXS Bank CEO Lai Pei Si
It has been some two months since Lai Pei Si took over as chief executive officer of digital bank GXS Bank on Jun 1, and she is making talent her top priority. Lai said that people are the…
India central bank chief says RBI hasn’t ‘lost sight’ of growth
India’s central bank has not “lost sight” of its growth objective, even as price stability remains its primary mandate, governor Sanjay Malhotra said on Monday (Aug 25). “The…
New Zealand central bank proposes reducing deposit takers’ capital requirements
New Zealand’s central bank said on Monday (Aug 25) that it was proposing to reduce the minimum capital requirement for deposit takers, and had begun consultations. The central…
Bank of Japan’s Ueda expects tightening job market to push up wages
Bank of Japan (BOJ) governor Kazuo Ueda said that wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job market, signalling his optimism that…
Bank of Japan chief’s dogged caution tempers board’s hawkish instincts
In 2024, Kazuo Ueda delivered Japan‘s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings - now, the Bank of…
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI) technology after pressure from the country’s main…