Bank
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US Fed official defends easing of bank oversight as concerns mount
THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that weakened supervision could destabilise the financial system. “Our…
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Deutsche Bank unveils more ambitious cost and profit targets for 2028
It wants to increase revenue to around 37 billion euros in 2028, up from around 32 billion euros in 2025 [FRANKFURT] Deutsche Bank on Monday (Nov 17) unveiled new profit…
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ABN Amro to buy NIBC Bank from Blackstone for 960 million euros
The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing [AMSTERDAM] ABN Amro Bank said it will acquire NIBC Bank from Blackstone for…
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China’s central bank to maintain accommodative policy as challenges persist
It will keep liquidity ample, keep prices reasonable, and lower the costs of banks’ liability and social financing [BEIJING] China’s central bank said on Tuesday (Nov 11) that it would…
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Thailand’s central bank chief breaks tradition with a simple ‘hello’
“JUST popping in to say hello.” Late one Tuesday night, Bank of Thailand Governor Vitai Ratanakorn surprised more than a hundred journalists in the bank’s media group chat with a…
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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 [SINGAPORE] Physical banking tokens are making a comeback. The Monetary Authority of Singapore…
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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 [OTTAWA] The Bank of Canada is planning to eliminate hundreds of jobs,…
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Bank of England keeps rates on hold in knife-edge vote that hints at cut soon
[LONDON] 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 join those seeking a…
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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 [SYDNEY] National Australia Bank (NAB) chief executive Andrew Irvine said Australia needs…
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Malaysia’s central bank holds key rate at 2.75%, as expected
[KUALA LUMPUR] 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 economists, amid subdued inflation…
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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 [SINGAPORE] The US dollar has lost significant value in 2025 amid tariff uncertainty, rising…
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India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
[MUMBAI] India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil Ambani as part of a bank fraud probe.…
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Indonesia central bank chief sees room for another rate cut
[JAKARTA] Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend on rupiah stability and the effectiveness…
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Bank of Japan keeps interest rates unchanged
[TOKYO] The Bank of Japan kept interest rates on hold Thursday at 0.5 per cent, as widely expected by economists. The announcement came after the first monetary policy meeting since…
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Bank of Japan seen keeping rates on hold, yen pressure looms
[TOKYO] The Bank of Japan is widely expected to keep interest rates steady on Thursday, but reiterate its resolve to continue pushing up still-low borrowing costs to fend off the…
