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OCBC to train wealth advisers using generative AI

Training is previously done by supervisors who had to coach up to 10 staff

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US prosecutors made unannounced visit to Federal Reserve in DC

US PROSECUTORS made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair Jerome...

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DBS sees wealthy European, US clients more interested in Asia

DBS and local rivals drew a combined S$77 billion in net new wealth money last year

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Unclear for now if inflation shock requires ECB rate move, Lagarde says

The European Central Bank is not yet in position to determine if the current oil price-driven inflation shock is transitory or...

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Lagarde says Europe’s economy has slipped below ECB baseline

Headline inflation in Europe has already jumped past the 2 per cent target

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Wells Fargo profit rises on interest income, trading boost

Its net profit came in at US$5.25 billion, or US$1.60 per share

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IMF expects pace of Japan’s interest rate hikes to speed up slightly

Growth is projected to slow to 0.7% in 2026 and 0.6% in 2027

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Citi profit beats estimates as market volatility lifts trading revenue

Profit increased to US$3.06 per share in the three months ended March 31

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JPMorgan traders blow past expectations with biggest-ever haul

The biggest US bank has pulled in US$11.6 billion in trading revenue in the first quarter

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ECB seeks bigger say on banks’ capital requirements

The assessment should be carried out by ECB policymakers and top supervisors together

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