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A PLAN to dial back US regulators’ landmark bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp (FDIC).

THE Reserve Bank of India (RBI) bought a net of US$6.93 billion in the spot foreign exchange market in July, data released on Friday (Sep 20) as part of the central bank’s monthly bulletin showed.

DBS Group Holdings said it raised flags about a former lawmaker in Bangladesh who has amassed a US$265 million real estate empire and reportedly borrowed money from the Singapore bank.

THE Philippine central bank said on Friday (Sep 20) it will reduce the amount of reserves that commercial banks are required to hold by 250 basis points from October 25, and said the inflation outlook meant further cuts were possible.

MALAYSIA’S largest fintech company TNG Digital is looking at a potential domestic initial public offering (IPO) over the next two to three years that could raise over US$300 million, two sources with knowledge of the matter said.

CTBC Financial Holding is set to decide against a fresh offer for Shin Kong Financial Holding, according to sources familiar with the situation, paving the way for rival Taishin Financial Holding to move ahead with one of the biggest combinations in Taiwan’s financial industry in years.

THE Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.

CHINESE banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.

TWO years ago, central banks around the world were engaged in a battle against high inflation that resulted in an aggressive and synchronised jump in interest rates. Now, many policymakers are reversing course – but in a less coordinated way as price increases slow at different paces in various...

DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world’s affluent investors shift their assets to Asia.