Bank
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HSBC hires ex-Citi executive Ida Liu to lead its private bank
[LONDON] HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who was…
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Bank of Japan hikes interest rates to 30-year-high of 0.75%
THE Bank of Japan on Friday hiked interest rates to 0.75 per cent, marking the first increase since January and its highest level in 30 years. The bank decided by…
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Bank of Japan raises interest rates to 30-year high, signals more hikes
[TOKYO] The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step…
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Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% [LONDON] The Bank of England (BOE) cut interest rates on Thursday (Dec 18)…
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Thai central bank proposes controls on gold trade, ready to cut rates further
[BANGKOK] The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its governor…
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OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
[SINGAPORE] OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning. About 1,000 outage reports were lodged on…
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South Korea central bank sees upside inflation risk with a weaker won
[SEOUL] South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at its current level against the dollar.…
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Thai central bank cuts policy rate by 25 bps, as expected
The reduction is the fifth since October 2024, with rates down by a total of 125 basis points [BANGKOK] Thailand’s central bank cut its key interest rate on Wednesday (Dec…
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Bank Indonesia keeps rates steady, focuses on rupiah stability
[JAKARTA] Indonesia’s central bank kept its policy rates unchanged for a third straight policy meeting on Wednesday, maintaining its focus on supporting the rupiah currency while it assesses the impact…
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SBI Shinsei Bank to debut after second-biggest Japan IPO of 2025
SBI Shinsei Bank will start trading in Tokyo on Wednesday after raising 322 billion yen (S$2.7 billion) in Japan’s second-biggest initial public offering of the year. The sale saw the…
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SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high [TOKYO] SBI Shinsei Bank surged as much as 11 per cent in its…
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RBNZ expects new bank capital requirements to lower rates
[WELLINGTON] New Zealand’s central bank is reducing capital requirements for lenders and expects that to benefit consumers through lower interest rates and more competition. “These new settings will reduce the…
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Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is worried about the currency’s rapid rise…
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PayPal applies to become a bank as US loosens regulatory reins
The application comes on the heels of a number of cryptocurrency firms gaining preliminary regulatory approval to become banks last week [NEW YORK] PayPal Holdings applied to become a bank…
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German regulator orders oversight, limits on GIC-backed online bank N26
[FRANKFURT] Germany’s financial regulator BaFin on Monday (Dec 15) announced stricter oversight of Berlin-based online bank N26, including limits on new business in the Netherlands and the instalment of a…
