STERLING fell against the euro and the US dollar on Monday (Jan 16), with traders awaiting UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans.
CREDIT Suisse could slash more than 10 per cent of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment Monday (Jan 16).
THE European Central Bank’s (ECB) battle with inflation may end within half a year as policymakers begin to reverse rate hikes as soon as July, according to economists polled by Bloomberg.
PRUDENTIAL Singapore on Monday (Jan 16) said it will be setting up a financial advisory firm to offer a wider range of products and services to its customers.
CHINA’S central bank stepped up liquidity injections on Monday (Jan 16), offering more loans to some banks through its medium-term lending facility — a move that comes ahead of the Lunar New Year when companies and households typically seek more funds.
BITCOIN has bolted out of January’s starting gates with a climb of more than 28 per cent, turning up the heat on bears who anticipated more challenges for riskier investments after sharp selloffs in 2022.
CITI on Monday (Jan 16) announced the appointment of Tibor Pandi as its new Singapore Citi country officer, effective from Feb 1.
WHILE Asia-Pacific banks generally recognise nature-related risks among their clients, the management of these risks have not been integrated into their policies and processes, according to a report by non-profit group World Wide Fund (WWF)-Singapore.
AMERICA’S biggest banks issued warnings Friday (Jan 13) of economic malaise on the horizon, even as some reported better-than-expected profits.
CITIGROUP reported a decline in fourth-quarter profit on Friday (Jan 13) as it hiked provisions to prepare for a worsening economy, and investment-banking revenue fell on a sharp drop in dealmaking activity.












