Leadership
Goldman Sachs aims to double lending to wealthy private bank clients
GOLDMAN Sachs aims to double its lending over the next five years to ultra-wealthy private bank clients with account sizes exceeding US$10 million, as it gathers more deposits to...
BOE reserves enter UK election debate as politicians chase cash
UK politicians are mulling changes to the way the Bank of England (BOE) pays out interest to commercial banks as they look for ways to generate more fiscal headroom...
‘Door open’ for multiple cuts this year despite Fed’s move to hold rates steady
DESPITE the US Federal Reserve dialling back on its forecast for cuts following its latest policy meeting, analysts say that the “door is open” for two cuts this year,...
China urges EU to reverse ‘wrong direction’ on EV tariffs
BEIJING hopes the European Union will reconsider tariffs on Chinese electric vehicles and stop going further in the “wrong direction” to shield its auto industry from competition, according to...
Hong Kong central bank keeps key rate steady, tracking Fed move
THE Hong Kong Monetary Authority (HKMA) left its base rate through the overnight discount window unchanged at 5.75 per cent on Thursday (Jun 13), tracking a move by the...
Philippines rate cut likely after fed, finance chief says
THE Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than...
DBS partners Future Supplier Initiative to decarbonise fashion sector
DBS partnered the Future Supplier Initiative to offer a collective financing model to support apparel suppliers’ decarbonisation, the bank announced on Thursday (Jun 13). The initiative aims to reduce financial...
Fintech giant Ant Group spends record 21.2 billion yuan on research
ANT Group spent a record 21.2 billion yuan (S$4 billion) on research last year as the fintech giant increased its investment in technology including artificial intelligence. The affiliate of...
