FRAUD and scams accounted for nearly a third of claims handled by the Financial Industry Disputes Resolution Centre (Fidrec) for the financial year spanning Jul 1, 2021 to Jun 30, 2022.
CHINA’S mega state-owned banks are offering at least 270 billion yuan (S$52 billion) in new credit to property developers as part of the nation’s push to ease the turmoil in the real estate market.
IN the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. One possibility? Coinbase Global’s junk bonds.
THE three-month London interbank offered rate for dollars climbed to the highest level since the financial crisis in an otherwise quiet day for the front-end of fixed income markets.
A MAJORITY of US Federal Reserve policymakers found that a slower pace of interest rate hikes would “likely soon be appropriate,” the central bank said on Wednesday.
CHINA will use timely cuts in banks’ reserve requirement ratio (RRR), alongside other monetary policy tools, to keep liquidity reasonably ample, state media on Wednesday (Nov 23) quoted a Cabinet meeting as saying.
THE Bank of Japan (BOJ) will start a trial with an eye on launching a digital yen with Japan’s three megabanks and regional banks next spring, the Nikkei newspaper reported.
THREE of China’s biggest commercial banks have agreed to provide fundraising support to property developers, including industry giant Vanke, in a coordinated effort to support the country’s embattled property sector.
MALAYAN Banking (Maybank) on Wednesday (Nov 23) posted a net profit of some RM2.2 billion (S$655.9 million) for the third fiscal quarter ended September, up 28.5 per cent from its earnings of RM1.7 billion in the comparative year-ago period.
