DEUTSCHE Bank will cut bonuses for staff who inappropriately used messaging services for business communications as the repercussions from a sweeping US probe ripple across the industry.
CHINA Resources Trust (CR Trust) said on Wednesday (Feb 15) it had set up its first product under China’s outbound investment scheme QDII that would give Chinese investors the opportunity to put money into an offshore mutual fund managed by BlackRock.
CREDIT Suisse started selling a euro-denominated senior unsecured bond on Wednesday (Feb 15), a lead manager memo seen by Reuters showed, tapping markets for the first time since the Swiss bank’s results almost a week ago warned of more losses.
A US crackdown on a Binance-branded stablecoin has sparked US$900 million in redemptions of the token in a little over two days, the latest shake-up in a tumultuous period for the cryptocurrency sector.
A flurry of volatility in the final three months of the year wasn’t enough for Barclays’ traders, who missed estimates in both fixed income and equities to send the bank’s shares sharply down.
BARCLAYS has docked the pay of some top executives by a combined £1 million (S$1.6 million) in 2022, following regulatory misteps and a costly overissuance of billions of US dollars worth of investment products in the United States.
INDIA is leading a charge among Asia’s emerging-market (EM) central banks in rebuilding foreign-exchange stockpiles, which would help them defend their currencies if the dollar rebounds.
INDIA is leading a charge among Asia’s emerging-market (EM) central banks in rebuilding foreign-exchange stockpiles, which would help them defend their currencies if the dollar rebounds.
