OCBC reported net profit of S$1.3 billion for the fourth quarter ended December 2022, rising 34 per cent from S$973 million the previous year as net interest income hit a new quarterly high.
RESERVE Bank of New Zealand (RBNZ) assistant governor Karen Silk said there are still upside risks to the inflation outlook and the forecast peak in the bank’s cash rate is “not set in stone”.
THE digital assets industry has shed more than 2,000 jobs in the first two months of 2023, as companies continued to retrench even as crypto prices staged a partial recovery.
THE top US banking regulators stepped up their warnings to banks on the liquidity risks tied to stablecoin-related reserves and other funding sources from crypto firms.
SAM Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday (Feb 23) in Manhattan federal court.
NEW York and US federal finance regulators have opposed the US$1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager, CoinDesk reported on Thursday (Feb 23), citing Securities and Exchange Commission (SEC) filings.
GERMAN reinsurance giant Munich Re said on Thursday (Feb 23) that it booked a better-than-expected profit in 2022, despite costly claims for natural disasters and the war in Ukraine.
THE World Bank’s executive board expects to select a new president by early May after last week’s news that David Malpass will leave the top job well before his contract ends in April 2024, the bank said in a statement late on Wednesday (Feb 22).
THE Australian dollar rebounded on Thursday after hitting a fresh six-week low, as Federal Reserve minutes reinforced fears that US rates would be raised higher for longer, while the kiwi improved on a hawkish local rate outlook.
SOUTH Korea’s central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted run of hikes for a year.
