UBS has been in talks to form an Indian wealth management joint venture with Mumbai-based 360 One Wealth and Asset Management, two sources with direct knowledge of the matter said.
VISA has signed an agreement to acquire real-time artificial intelligence (AI) payments protection company Featurespace, marking the credit-card giant’s latest move in bolstering its fraud and financial crime risk detection portfolio.
MALAYSIA’S Sarawak state has emerged as the largest shareholder in Affin Bank after finalising a long-delayed deal to acquire additional shares in the lender.
Thailand’s push for virtual banking, with three licences up for grabs, promises to improve financial access for the underbanked and boost competition.
BITCOIN is on course for one of its biggest September gains as a global wave of interest rate cuts, headlined by the US Federal Reserve, helps the largest digital asset to buck a seasonal jinx.
MANY Wall Street executives have reservations about backing either candidate in the US presidential election, worried that former President Donald Trump’s policies will hurt the economy but wary Vice-President Kamala Harris will lean too far left.
CHINA’S central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth.
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment.
COMMERZBANK will hold a first round of talks with UniCredit on Friday (Sep 27) as the Italian lender presses for a possible tie-up, the German bank’s designated CEO, Bettina Orlopp, said on Thursday (Sep 26).
THE Swiss National Bank cut interest rates by 25 basis points on Thursday (Sep 26), its third such reduction this year, as it echoed steps to lower borrowing costs taken by the European Central Bank and US Federal Reserve, and said more cuts could follow.
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