HONG KONG’S government announced plans on Monday (Dec 19) to ensure all crowdfunding must seek official approval following a clampdown on democracy protesters using donations to pay for their legal defence.
EUROZONE borrowing costs edged higher on Monday (Dec 19), with the short-dated yields near their highest levels in more than a decade, as investors were concerned about a hawkish European Central Bank (ECB) and increasing bond supply.
INDIAN banks have written off loans worth over 10 trillion rupees (S$163.8 billion) in the last five financial years in an attempt to clean up their balance sheets, according to the federal government.
PRIVATE equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios.
INDIA’S largest private bank HDFC Bank is seeking to issue a million credit cards a month, a remarkable bounce-back for the lender after the country’s regulator banned it from taking on new card clients two years ago.
CRYPTO exchanges are ramping up education initiatives as they battle wavering optimism. Among the common tactics: online courses that offer participants free crypto upon completion.
BANK of Singapore’s chief executive officer (CEO) Bahren Shaari will be retiring by the end of this month after over 13 years at the bank, a private banking subsidiary of OCBC.
CITIGROUP reached an agreement with all 10 Revlon lenders it mistakenly paid about US$500 million on a loan, ending litigation of more than two years, a court document showed on Friday (Dec 16).
THE US Federal Reserve and the Federal Deposit Insurance Corp (FDIC) identified problems in the so-called living wills of Credit Suisse Group and BNP Paribas detailing how the banks’ US operations would be unwound in the event of bankruptcy.
