Banks
Banks to introduce Singpass face verification for customers setting up digital tokens
MAJOR retail banks in Singapore will progressively introduce Singpass Face Verification (SFV) over the next three months as part of the process for retail banking customers setting up digital...
Banks to roll out Singpass face verification for customers setting up digital tokens
MAJOR retail banks in Singapore will progressively introduce Singpass Face Verification (SFV) over the next three months as part of the process for retail banking customers setting up digital...
US regulator to propose strengthened rules for banks working with fintechs
A TOP US banking regulator is set to propose that banks bolster recordkeeping requirements for accounts held by fintech companies on behalf of their customers, following the collapse of...
Australia’s plan to scrap AT1 bonds unlikely to affect Singapore banks
SINGAPORE banks are unlikely to face any near-term impact from a proposal by Australia’s banking regulator to phase out the use of additional tier-1 (AT1) bonds, analysts said.The local...
US banks extend fall as investors assess executives’ sobering forecasts
US BANK stocks fell in early trading on Wednesday (Sep 11), extending declines sparked by warnings of a slower-than-anticipated recovery in investment banking and an expected hit to interest...
Hong Kong revises ‘market sounding’ rules to put burden on banks
Hong Kong’s securities watchdog plans to publish market sounding guidelines by year-end, revising its previous draft by cutting back on prescriptive rules following feedback from market participants, according to...
Europe: Banks, energy stocks weigh on bourses; BMW tumbles
EUROPEAN equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key US inflation data and an anticipated European Central Bank rate...
Fed to cut big banks’ capital hike in half in sweeping overhaul
US regulators will make sweeping changes to their bank-capital rules proposal, cutting the expected impact to the biggest banks by half and exempting smaller lenders from large portions of...
