THE Hong Kong government is preparing to issue its maiden policy statement on the use of artificial intelligence (AI) in finance, according to sources familiar with the matter, a move that could catalyse the use of the technology in areas from trading to investment banking and cryptocurrencies.
TAIWAN regulators rejected CTBC Financial Holding’s US$4.1 billion takeover bid for smaller rival Shin Kong Financial Holding, blocking the creation of what would have been the island’s biggest financial group.
BLACKROCK is overhauling its private credit business as the world’s largest asset manager races to catch up to competitors in the booming market.
CITIGROUP has tasked technology head Tim Ryan to work alongside chief operating officer Anand Selva to fixing the bank’s longstanding data management issues, said a memo seen by Reuters on Monday (Sep 16).
THE European Central Bank should keep cutting interest rates gradually but it does not need to set a schedule since conditions could change between moves, ECB chief economist Philip Lane said in a speech on Monday (Sep 16).
THE Monetary Authority of Singapore had, as at the end of August, awarded tax incentives to some 1,650 single family offices (SFOs).
LAST year, DBS had around 2,500 data scientists, analysts and engineers on its payroll – double the number of bankers it had.
SHARES of Bajaj Housing Finance more than doubled in their trading debut on Monday (Sep 16), giving the company a market capitalisation of US$16 billion and making it India’s most valuable listed home loan financier.
SHARES of Bajaj Housing Finance more than doubled in their trading debut on Monday (Sep 16), giving the company a market capitalisation of US$16 billion and making it India’s most valuable listed home loan financier.
UNICREDIT said it will start repurchasing as much as 1.7 billion euros (S$2.44 billion) of its own stock as it delivers on the biggest payout pledge among European banks.
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