INDONESIA will make another attempt to enact far-reaching reform for its financial system that could include expanding the central bank’s mandate and paving the way for debt monetisation during crises.
AUSTRALIA and New Zealand Banking Group on Monday said it would contribute A$42 million (S$38.5 million) to settle a class action lawsuit brought by law firm Slater & Gordon in 2020 over the sale of three consumer credit insurance products.
Deutsche Bank chief executive officer Christian Sewing said the war in Ukraine and inflation globally have delayed its clients’ environmental, social and governance (ESG) projects even as the long-term shift to sustainability is now “irreversible”.
THE results of Singapore’s latest six-month Treasury bill (T-bill) auction, with a cut-off yield of 4 per cent, were delayed on Thursday (Nov 10) by over five hours due to a record-high volume of applications.
SINGAPORE’S life insurance industry recorded 1.5 million new policies taken up in the first nine months of 2022, representing a 12.8 per cent year-to-date increase.
ONLINE purchases of life insurance products have jumped to account for 40.7 per cent of all new policies taken up in the first nine months of 2022, but agents still account for the bulk of high-premium policies.
DROPPING the mandate that members of the world’s largest coalition of financial institutions had to align with the Race to Zero criteria was a “reality check” exercise.
