Bank Negara taking action to encourage flows into forex market
MALAYSIA’S government and central bank are taking coordinated action to further increase flows into the foreign exchange market to ensure ...
Tag: Bank
World Bank says Thai interest rates appropriate, neutral
THAILAND’S interest rate levels are appropriate for the current situation and are neutral, the World Bank said on Wednesday (Mar ...
Philippine central bank governor rules out easing rates ‘soon’
THE Philippines’ central bank governor on Wednesday (Mar 6) ruled out rate cuts anytime soon due to upside inflation risks ...
UK digital bank Monzo valued at £4 billion after new funding round
BRITISH digital bank has raised £340 million (S$579.34 million) at a £4 billion valuation, the company said in a statement ...
American Air wants more credit card revenue from bank partners
AMERICAN Airlines Group is renegotiating its current contract for co-branded credit cards to boost its share of a crucial source ...
Swiss National Bank loses US$3.6 billion in 2023
THE Swiss National Bank (SNB) posted an annual loss of US$3.62 billion for 2023, the central bank said on Monday ...
New Zealand central bank to implement cyber reporting rules through 2024
NEW Zealand’s central bank on Monday (Mar 4) said banks must report major cyber incidents within 72 hours, as it ...
India’s Paytm Payments Bank fined over US$662,000 for alleged money laundering
INDIA’S Financial Intelligence Unit (FIU) on Friday (Mar 1) imposed a penalty of US$662,565 on Paytm’s banking arm, Paytm Payments ...
India’s Paytm discontinues inter-company agreements with its payments bank
INDIA’S Paytm and its payments bank unit have mutually agreed to discontinue various inter-company agreements in the process to reduce ...
Bank of America’s Merrill, Wells Fargo offer Bitcoin ETF products for clients
BANK of America’s Merrill arm and Wells Fargo & Co’s brokerage unit are offering access to exchange-traded funds (ETFs) that ...
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