Banks
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi[SHANGHAI/BEIJING] China’s major state-owned banks ramped up US dollar buying in the...
Europe: Stoxx 600 hits one-week low as banks, insurers slide ahead of Fed decision
EUROPEAN shares fell more than 1 per cent at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the run-up to the US Federal Reserve’s...
StanChart CEO says ‘shame on’ big banks quitting net zero group
[LONDON] The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their commitment to achieving net zero emissions.
“Shame on...
RHB Bank’s Singapore unit key to regional growth plan, targets
Published Fri, Jul 18, 2025 · 05:34 PM[SINGAPORE] RHB Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet...
Security and compliance among concerns of banks in granting API access to fintechs
[SINGAPORE] Security and compliance concerns are top of the list when Singapore’s brick-and-mortar banks decide whether to grant fintechs Application Programming Interface (API) access to the financial data, particularly...
From banks to tech: Job cuts and layoffs for 2025
[SINGAPORE] In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and shifting strategies force companies to trim their workforces.Here are some...
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by the Jul 7 deadline, the sources sayPublished...
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...
