INSURERS in Asia are diversifying their portfolios into other asset classes and redesigning their insurance products amid rising interest rates, market watchers said.
UOB’s liquidity position is “very flush”, putting it in a comfortable position amid recent turmoil in the global banking industry, said the bank’s chief risk officer Chan Kok Seong at its annual general meeting on Friday (Apr 21).
THE TrueUSD (TUSD) stablecoin – a token that was little known until this year – now makes up the largest Bitcoin trading pair, in a major shift spurred by the Binance crypto exchange, said data provider Kaiko.
INDIAN banks may shy away from parking large sums in the central bank’s 14-day variable rate reverse repo, which acted as a major reason for elevated rates through the week amid volatile liquidity, traders said.
CREDIT Suisse investors who held a total of more than 4.5 billion Swiss francs (S$6.7 billion) of the bank’s Additional Tier 1 (AT1) bonds have sued the Swiss banking regulator, challenging the legality of writing them down.
A FORMER US Secret Service agent who specialises in probing financial cybercrime supported anonymity for creditors in the FTX bankruptcy because of risks from the criminals who stalk the cryptocurrency sector.
THE Bank of Japan’s new chief Kazuo Ueda will not start unwinding its ultra-easy policy at April 27-28 meeting, nearly 90 per cent of economists polled by Reuters said, as the chance of a surprise tweak at his first rate-review subsided.
UNITED Overseas Insurance (UOI), the general insurance arm of UOB, posted a 2.4 per cent increase in net profit to S$4.7 million for the first three months of 2023, up from S$4.6 million in the previous corresponding period.
UNITED Overseas Insurance (UOI), the general insurance arm of UOB, posted a 2.4 per cent increase in net profit to S$4.7 million for the first three months of 2023, up from S$4.6 million in the previous corresponding period.
US INTEREST rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on Thursday.
