SWITZERLAND said it will keep to its schedule for implementing global bank capital rules despite continued wrangling over the standards in the United States, potentially putting its largest lender UBS Group at a competitive disadvantage.
NOMURA Holdings gave Christopher Willcox the highest ever pay for an executive officer at Japan’s biggest brokerage after the company returned to profit growth.
THE latest Singapore Savings Bond (SSBs) allotted on Wednesday (Jun 26) saw a fall in the number of applications, as yields slipped from the earlier tranche.
FINANCIAL troubles at South Korean developers may worsen as they start to bear the brunt of a market slump that weighs on their earnings, the central bank said, issuing the latest warning over credit risks that continue to overshadow the economy.
AUSTRALIA’S inflation accelerated faster than expected in May, sending the currency higher as traders boosted bets the Reserve Bank of Australia (RBA) will resume raising interest rates at its next meeting.
AUSTRALIA’S central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation.
FTX customers will be asked in the coming weeks to vote on the failed crypto exchange’s multi-billion US dollar plan for compensating victims whose assets have been locked on the platform since it collapsed.
A US judge on Tuesday (Jun 25) rejected a US$30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit cards.
BYBIT surpassed Coinbase in March to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko.
ZURICH Insurance Group plans to increase headcount in India by 40 per cent over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank’s general insurance unit.
