MALAYSIA kept its benchmark interest rate unchanged for a second straight meeting on Thursday (Mar 9), as the central bank continues to assess the effects of last year’s monetary tightening on inflation and growth.
Malaysia’s central bank maintained its benchmark interest rates for a second successive meeting, a widely expected move with most analysts of the view that the country is in the final cycle of rate hikes.
Malaysia’s central bank maintained its benchmark interest rates for a second successive meeting, a widely expected move with most analysts of the view that the country is in the final cycle of rate hikes.
CREDIT Suisse has postponed publication of its annual report after a last-minute call from the US Securities and Exchange Commission (SEC), which raised questions about its earlier financial statements.
BITCOIN fell to a three-week low, sapped by the collapse of crypto-friendly bank Silvergate Capital and the prospect of higher-than-expected central bank interest rates.
DBS chief executive Piyush Gupta’s annual salary grew in line with the bank’s earnings over 2022, as Singapore’s largest lender logged record net profits for both the latest fourth quarter and full-year period.
NOMURA Holdings slashed its entertainment budget for executives, people familiar with the matter said, as it stepped up efforts to rein in costs after some tough-going quarters.
THE husk of Lehman Brothers lost a bid to collect some US$500 million on crisis-era subprime mortgage bond trades on Wednesday (Mar 8) when it suffered defeat in a trial over the proper valuation of credit default swaps.
ANYONE working with US regulators to salvage Silvergate Capital, the crypto-friendly bank, will have to reckon with a key variable — the wariness of those same officials about digital assets.
CITIGROUP chief financial officer Mark Mason said his firm will adjust headcount in its investment banking division as necessary as it continues to look for ways to boost profits.
