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DBS head of institutional banking group in Hong Kong to depart

DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a...

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India central bank holds rates as expected, shifts stance to ‘neutral’

THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance...

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Asian private bank sees rising non-dom flows from UK to Singapore

OCBC’s private bank plans to grow its business in Europe to capture more asset flows from wealthy people in the UK as...

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Bank of Singapore sees rising non-dom flows from UK to Singapore

OCBC’s private bank plans to grow its business in Europe to capture more asset flows from wealthy people in the UK as...

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BOS sees rising ‘non-dom’ flows from UK to Singapore

OCBC’s private bank plans to grow its business in Europe to capture more asset flows from wealthy people in the UK as...

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New Zealand steps up pace of rate cuts as economy weakens

NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more...

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Bank of Japan’s next hike likely to come in January, former official says

NEW Prime Minister Shigeru Ishiba will not impede the Bank of Japan’s (BOJ) path towards raising interest rates, with January the most...

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Citi pushes back on New York lawsuit over fraud scams

CITIGROUP’S lawyers have urged US District Judge Paul Oetken to dismiss a suit filed in January by Attorney General Letitia James, which...

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RBA to boost risk assessment when deploying unconventional tools

AUSTRALIA’S central bank will strengthen its assessment of potential risks when deploying an unconventional monetary policy, assistant governor Christopher Kent said following...

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CBO estimates US$1.8 trillion US deficit for fiscal 2024, largest after Covid

THE Congressional Budget Office estimated on Tuesday a US federal deficit of US$1.834 trillion for fiscal 2024, the highest in the post-Covid...

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