CHINA still sees some room to lower the amount of cash banks must hold as reserves, a central bank official said on Thursday (Sep 5), adding that the lender will continue to implement policies to support the economic recovery.
JACK Ma-backed Ant Group rolled out a package of artificial intelligence services, as the company seeks new avenues of growth following a multiyear government crackdown.
COMMERCIAL insurance market Lloyd’s of London on Thursday (Sep 5) reported a 26 per cent jump in first-half pre-tax profit to £4.9 billion (S$8.38 billion), as its members avoided riskier business.
VISA is working with some of the biggest banks in the United Kingdom in a bid to revamp how account-to-account payments are handled in the country as consumers continue to lose billions to wayward transactions.
THE Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer.
A CRYPTOCURRENCY project that’s being promoted by Donald Trump and his sons is starting to take shape, with a focus on encouraging the dominance of the US dollar in decentralised finance.
A CRYPTOCURRENCY platform run by Robinhood Markets will pay US$3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.
UK-BASED banks are stepping up lobbying efforts against possible tax hikes in the government’s inaugural Budget on Oct 30, amid mounting worries it may tap the cash-rich sector to boost Britain’s finances, senior industry sources told Reuters.
THE German government plans to sell as much as 5 per cent in Commerzbank in a first step as it seizes on a recent share rally to initiate an exit from the lender it rescued over a decade ago.
