CREDIT Suisse Group cut payouts on a 3.25 billion Swiss franc (S$4.7 billion) real estate fund, as clients sought to pull their cash after valuations were hit by rising interest rates.
THE International Monetary Fund (IMF) has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status.
INCOMING Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday it was appropriate to maintain ultra-loose monetary policy as inflation has yet to sustainably and steadily meet the central bank’s 2 per cent target.
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.
