Bank
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Letitia James: NY Attorney General Who Was Indicted on Bank Fraud Charges Listed Her Virginia Home as ‘Investment Property’, Filings Show
New York Attorney General Letitia James, who has been indicted, reportedly listed her Virginia home as an “investment” property in multiple financial disclosure forms, even though she allegedly provided false…
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Israeli Settlements Close In On West Bank Herding Community
In the occupied West Bank’s Jordan Valley, Naef Jahaleen fears for the future as Israeli settlers come for the land home to one of the area’s last Bedouin herding communities.…
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Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment [FRANKFURT] A digital euro could drain up to 700 billion euros (S$1.1 billion) in deposits…
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Thai central bank worried over disconnect as global markets soar
[BANGKOK] The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT), as asset prices soar despite mounting shifts in global…
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Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
[NEW YORK] Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US dollar, according to Deutsche Bank. Marion Laboure,…
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Bank of Singapore’s new AI tool does in one hour what used to take 10 days
Besides being a time saver, the tool cuts down on human error from examining documents on clients’ employment, business and investment history [SINGAPORE] Bank of Singapore (BOS) has launched an…
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Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
[SINGAPORE] Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security Bank Corp, reported the Philippine Daily Inquirer on Sep…
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Philippine central bank unexpectedly cuts rates as graft scandal hits confidence
The BSP reduces the overnight target reverse repurchase rate by 25 basis points to 4.75% [MANILA] The Philippine central bank unexpectedly cut the benchmark interest rate by a quarter point…
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Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month [NEW YORK] India’s central bank has ramped up its interventions in offshore currency markets to defend…
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HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world [SINGAPORE] HSBC Holdings is proposing to acquire the…
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Thai central bank unexpectedly holds key rate at 1.50%
[BANGKOK] Thailand’s central bank left its key interest rate steady on Wednesday (Oct 8), counter to market expectations for a cut as the economy struggles with a strengthening baht, negative…
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Thai central bank unexpectedly holds rates; trims growth forecast
The forecast for headline inflation this year is cut to zero, from 0.5% previously [BANGKOK] Thailand’s central bank left its key interest rate steady on Wednesday (Oct 8), surprising markets…
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JPM Sees Bitcoin Reach $165K by 2025-End as Dollar Debasement Trend Fuels Risk Rally in BTC and Gold
The US government shutdown has investors flocking to safe-haven or alternative assets like gold and bitcoin (BTC). Bitcoin prices reached a record high of over $125,000 (£93,049) per token while…
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Vietnam central bank vows to push growth, limiting credit risks
The dong has fallen more than 3% this year and is hovering near its August record low [HANOI] The State Bank of Vietnam (SBV) plans to keep pursuing policies to…
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Barclays hires 3 private bankers from JP Morgan, LGT, Deutsche Bank for Singapore
One senior banker from London is relocated as British lender expands coverage across Asia [SINGAPORE] Barclays Private Bank in Singapore has hired three executives from rivals, and relocated one from…
