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A GOLDMAN Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing.

A FORMER director of insolvent marine fuel supplier Inter-Pacific Petroleum (IPP), Goh Jin Hian, had not taken “reasonable steps”, such as making necessary inquiries, when various red flags surrounding the company arose, said High Court Justice Aedit Abdullah in his grounds of decision released on Thursday (Jul 11).

MAJOR Thai banks defended themselves on Thursday (Jul 11) against criticism that they facilitated weapons purchases by the Myanmar junta, saying they lacked the capacity to investigate all transactions that may be used for such purchases.

YAMAGUCHI Financial Group, a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new hires with securities market expertise around the same compensation as staff at the nation’s largest banks.

MALAYSIA’S central bank kept its benchmark interest rate steady on Thursday (Jul 11), in line with market expectations, as it flagged an expected pickup in inflation over the second half of 2024 following changes in diesel subsidies.

CHINA’S financial regulator asked some rural lenders to shorten the average duration of their bond holdings, according to sources familiar with the matter, as authorities seek to safeguard the banking sector amid a relentless rally in the debt market.

US BANK regulators fined Citigroup US$136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts.

BRITAIN’S markets watchdog on Thursday set out final rules for the biggest shake-up in how companies list on the London Stock Exchange in three decades as it seeks to compete harder with New York and the European Union post-Brexit.

UK REGULATORS overhauled their rules for companies looking to make their public debut in London, part of a concerted effort to draw more initial public offerings to the City.

ARCHEGOS Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his US$36 billion private investment firm.