Featured Archives • Page 32 of 1004 • Financial News

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China detains investment bankers, takes passports in corruption sweep

CHINA is turning up the heat on its army of 8,700 investment bankers.

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Bank of Japan’s Tamura calls for raising rates to at least 1%

BANK of Japan board member Naoki Tamura said on Thursday the central bank must raise short-term interest rates to at least around 1 per cent to avoid inflationary risks from materialising.

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Commerzbank preps defence for possible uniCredit takeover

COMMERZBANK’s executive board is reviewing its defence strategy as it prepares for a potential takeover approach by UniCredit.

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US banks extend fall as investors assess executives’ sobering forecasts

US BANK stocks fell in early trading on Wednesday (Sep 11), extending declines sparked by warnings of a slower-than-anticipated recovery in investment banking and an expected hit to interest income from looming rate cuts.

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US dollar rises after August inflation data

THE US dollar rose on Wednesday (Sep 11) after data showed underlying inflation in the world’s largest economy rose in August, reinforcing expectations that the Federal Reserve will likely undertake a smaller rate cut of 25 basis points later this month.

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Payments in Singapore with stablecoins rise to almost US$1 billion

PAYMENTS in Singapore using stablecoins reached a record high of almost US$1 billion in the second quarter, led by transactions at merchant outlets, according to a report from Chainalysis.

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UBS pledges US$400 billion in Swiss loans after Credit Suisse

UBS Group will continue to provide about US$414 billion of credit to its home market as a sign of the bank’s commitment to Switzerland, country head Sabine Keller-Busse said.

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India central bank to stick to higher digital deposit buffer proposal

INDIA’S central bank will stick to its plan to ask lenders to set aside more funds for digitally linked deposits, despite the industry’s plea for a lower buffer to avoid a hit to their liquidity, three sources familiar with the matter told Reuters.

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Bitcoin dips as Kamala Harris and pro-crypto Donald Trump clash in debate

BITCOIN slid as traders reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector.

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UniCredit buys 4.5% stake in Commerzbank from German government

UNICREDIT has bought the 4.49 per cent stake that the German government has sold in Commerzbank, making the Italian lender a major investor.

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