WELLS Fargo shares slid on Thursday after a US banking regulator found its safeguards against money laundering and other illegal transactions were too lax and restricted its ability to expand in risky businesses.
JUST over half of Bank of Japan (BOJ) watchers see authorities conducting their next rate hike in December, while none expects a policy move when the board meets next week, according to a Bloomberg survey.
CRYPTO asset manager Grayscale Investments said it has begun to offer the Grayscale XRP Trust, helping to send the price of the seventh-largest digital asset up by almost 10 per cent.
THE euro rose against the US dollar on Thursday (Sep 12) after European Central Bank (ECB) president Christine Lagarde dampened expectations for an interest rate cut next month and said the bank will let economic data dictate the next policy move.
LLOYD’S of London said on Thursday (Sep 12) it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behaviour could be “unclear”.
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.1 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Sep 12) indicated.
SEVERAL regional private equity firms have banded together to establish a Vietnamese alliance, aiming to facilitate US$35 billion of investment into the South-east Asian country over the next decade.
TWO of Wall Street’s largest investment banks are rolling out measures that may ease junior bankers’ workloads amid complaints across the industry that weekly hours are increasingly creeping past 100.
NEW Zealand’s central bank will cut interest rates further and faster than it says it will as the economy contracts and inflation slows, according to investors and some economists.
