CENTRAL banks in Indonesia and Malaysia will likely deliver another modest interest rate increase each as they look to wind down their monetary tightening and turn their attention to economic growth.
US AUTHORITIES said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato for allegedly processing US$700 million in illicit funds.
CITIGROUP is raising compensation for its junior investment bankers by as much as 15 per cent even as many Wall Street peers are cutting jobs and slashing bonuses after last year’s industry-wide deals slump.
THE Bank of Japan’s (BOJ) decision to keep its settings unchanged on Wednesday (Jan 18) gave global investors a modest jolt, leaving markets from the yen to Treasuries at risk from a potentially larger shock if officials opt to shift policy in the future.
THE failure of the European Union (EU) to complete its banking union is putting the continent’s lenders at a strong disadvantage, said UBS Group chairman Colm Kelleher on Wednesday (Jan 18).
THE yen dropped against major currencies on Wednesday (Jan 18) after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations for tighter policy in the coming months.
UBS chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector.
JAPANESE government bond yields tumbled, falling the most in two decades at one point on Wednesday (Jan 18), retreating sharply from the central bank’s 0.5 per cent ceiling after policymakers decided to keep yield curve controls in place.
COINBASE Global is halting operations in Japan, less than a month after another major digital asset exchange Kraken announced its withdrawal from the country.
