Facebook’s cryptocurrency venture to wind down and sell tech assets – WSJ
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UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model
GIC’s decision to de-risk preemptively was a ‘matter of judgment’: Jeffrey Siow
The Senior Minister of State for Finance said that the state investor’s prudent decision at the time led to foregone returns, but it performed...
South Korea makes checks on increasing US dollar deposits as won falls
South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources...
