EUROPEAN Central Bank supervisors will zero in on bad loans this year after finding that some eurozone banks had set too little money aside for them or were slow in recognising the problem, the ECB said on Wednesday (Feb 8).
ABN Amro Bank reported fourth-quarter profit that beat analysts’ expectations as the Dutch lender restrained costs and announced a US$536 million share buyback.
THE Reserve Bank of India (RBI) hiked its key repo rate by 25 basis points on Wednesday (Feb 8) as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high.
CREDIT Suisse Group, fighting to stem a wave of investor outflows, is dialling back some stringent anti-money laundering controls in Asia after they drew protests from clients and bankers and contributed to staff departures.
THE UK will probably impose a limit of £10,000 (S$15,958) to £20,000 for holdings of a new digital currency once it comes into existence, a Bank of England (BOE) official said.
Some of Credit Suisse Group’s junior and mid-level bankers will get their bonuses paid out in instalments, the latest twist in the firm’s handling of employee compensation amid a tumultuous overhaul.
A FORMER Coinbase Global manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens.
ION, the financial trading services group hit by a ransomware attack last week, started to bring clients back on to its cleared derivatives platform overnight, a person familiar with the matter told Reuters on Tuesday (Feb 7).
A GLOBAL central bank test lab run out of London is designing a ‘stablecoin’ monitoring system aimed at giving authorities a clearer picture on how they work and how to regulate them in future.
