plan
SVB bankruptcy plan approved, but US$2 billion FDIC fight lingers
A JUDGE approved SVB Financial Group’s restructuring deal but dealt the company a setback in its fight with federal regulators to recover about US$2 billion it had at its...
‘No one is indispensable’ – UOB’s Wee Ee Cheong says succession plan is in place
UOB has its succession plan in place, said UOB’s chief executive Wee Ee Cheong, given that everyone – himself included – has to retire at some point.Retiring is “a...
PayPal’s turnaround plan faces challenges from competition, analysts say
AS PAYPAL embarks on an ambitious turnaround strategy to revitalise growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big Tech and beyond.The concerns...
Bank of Japan to consider rate hike, outline bond taper plan
THE Bank of Japan (BOJ) will consider raising interest rates on Wednesday (Jul 31), a source familiar with the matter said, a move that would accompany a quantitative tightening...
Nissan global production cuts imperil CEO’s recovery plan
FOUR months into a three-year plan meant to reinvigorate Nissan Motor, chief executive officer Makoto Uchida is already struggling.On Thursday (Jul 25), Nissan slashed its operating profit outlook to...
BOJ urged to halve bond buying in scheduled quantitative tightening plan, minutes show
THE Bank of Japan received a sizeable number of requests to halve monthly bond buying in coming years under a quantitative tightening (QT) plan due this month, minutes of...
China’s plan to save the economy comes at a cost to factories
THE pen squeaks as Jeff Pan sketches a chart on a white-board. He draws a black line signifying consumption that shoots up, then a blue line that edges higher...
BOJ releases summary of market views on bond taper plan
THE Bank of Japan (BOJ) on Tuesday (Jul 9) released a summary of opinions it collected in a survey of bond market participants on how the central bank should...
