Bank
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 plans to implement formal cyber reporting requirements in phases...
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 Bank, for alleged money laundering, the country’s finance ministry...
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 dependencies, the embattled payments firm said on Friday (Mar...
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 invest directly in Bitcoin, underscoring the increasing acceptance of...
Bahrain’s sovereign wealth fund to invest in Singapore Gulf Bank
BAHRAIN’S sovereign wealth fund Mumtalakat is investing in Whampoa Group’s Singapore Gulf Bank (SGB). The investment will enable SGB to launch and grow its business in Bahrain, said Mumtalakat...
Bahrain’s sovereign wealth fund to invest in Singapore Gulf Bank
BAHRAIN’S sovereign wealth fund Mumtalakat is investing in Whampoa Group’s Singapore Gulf Bank (SGB). The investment will enable SGB to launch and grow its business in Bahrain, said Mumtalakat...
Bank of Japan policymaker calls for overhaul of ultra-loose monetary policy
BANK of Japan board member Hajime Takata said the central bank must consider overhauling its ultra-loose monetary policy, including an exit from negative interest rates and bond yield control....
Biggest Thai Bank to buy Home Credit Vietnam for US$860 million
SCB X, Thailand’s biggest bank by market value, agreed to buy consumer lender Home Credit’s business in Vietnam for about US$860 million in a bid to widen its regional...
