Bank
Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development BerhadPublished Tue, Jul 1, 2025 · 01:49 PM — Updated Tue, Jul 1,...
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of...
Circle applies for US trust bank license after bumper IPO
[NEW YORK] Stablecoin firm Circle is applying to create a national trust bank in the US, a major move after its blockbuster initial public offering (IPO) valued the company...
Bank of Korea halts digital currency project, pausing talks with banks
Published Mon, Jun 30, 2025 · 10:50 AM[SEOUL] South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the...
Thailand central bank vows to step in if baht moves are unhinged
[BANGKOK] Thailand’s central bank is ready to tackle excessive baht volatility by managing any moves “unhinged” from its fundamentals, a deputy governor said, amid calls from local businesses to...
Israel Labels Iran’s Central Bank as Terror Entity Amid Rising Tensions
Israel has officially labelled Iran's Central Bank a terrorist entity, citing its alleged role in financing militant operations across the Middle East. The Israeli government declared that no institution...
Bank of Korea overhauls repo framework amid changing liquidity conditions
[SEOUL] The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage liquidity, stabilise short-term rates, and respond during periods...
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
[JAKARTA] Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift in demand towards government bonds.The spread...
