Bank
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...
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)...
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...
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...
German regulator orders oversight, limits on GIC-backed online bank N26
The measures mark the second time since 2021 that BaFin has directed a special monitor to oversee the fast-growing Berlin-based lender[FRANKFURT] Germany’s financial regulator BaFin on Monday (Dec 15)...
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to clean up the bad debts of four...
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year[JAKARTA] Bank Indonesia (BI) will strike a balance between encouraging currency stability and supporting economic growth, even as...
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...
