Featured Archives • Page 939 of 1345 • Financial News

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Schroders APAC chief Susan Soh to retire, Chris Durack appointed

Schroders Asia-Pacific chief executive Susan Soh will retire at the end of 2022 after 17 years with the European investment management firm, it said on Tuesday (Nov 15).

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ECB will probably keep raising rates beyond 2% level: Villeroy

THE European Central Bank (ECB) will probably continue to raise interest rates beyond 2 per cent, but “jumbo” rate hikes will not become a new habit, France’s central bank chief said in a speech in Tokyo on Tuesday.

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China injects enough cash in system to help snap bond slump

CHINA sought to maintain ample cash levels in its financial system with liquidity tools of different maturities, helping halt the worst government bond selloff in six years.

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Credit Suisse cuts senior bank jobs in Asia as overhaul begins

CREDIT Suisse Group has started cutting senior bank jobs in Asia including three managing directors across investment banking and financing as the Swiss giant carries out its plan to reduce global headcount by 9,000, people familiar with the matter said.

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RBA prepared to pause or return to outsized hikes, minutes show

AUSTRALIA’S central bank (RBA) is prepared to pause its tightening cycle or return to larger interest-rate increases if the economy requires it, according to minutes of the Nov 1 policy meeting when it lifted the benchmark by a quarter percentage point.

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Fed vice chair says ‘appropriate soon’ to slow rate hike

IT LIKELY will be “appropriate soon” for the US central bank to slow the pace of interest rate increases, Federal Reserve Vice Chair Lael Brainard said on Monday.

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Top Federal Reserve regulatory official signals greater crypto oversight

THE US Federal Reserve’s top banking cop has signalled greater oversight ahead for crypto activity, pointing on Monday to a need for firms to face “similar regulatory safeguards as other financial services providers.”

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Three out of four bitcoin investors have lost money: study

ROUGHLY three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence.

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HSBC’s Ranojoy Dutta wants to give customers a ‘bank in their pockets’

RANOJOY Dutta has worked in four countries over the past 28 years. Now, he is devoting his time to other globetrotters like him.

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ADDX raises US$20m in funding round led by S Korea’s KB Securities

PRIVATE market exchange ADDX has raised US$20 million in fresh capital in an investment round led by KB Securities, a subsidiary of South Korean banking group KB Financial Group.

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