Featured

CREDIT Suisse Group said it has paid US$210 million to Georgian billionaire Bidzina Ivanishvili to date, as part of a long-running legal saga. At the same time, the Swiss bank is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses.

INDONESIA’S central bank kept its key interest rate unchanged on Thursday (Feb 16), the first pause after six consecutive monthly hikes.

THE Philippine central bank raised its benchmark interest rate by 50 basis points to 6 per cent on Thursday (Feb 16), and flagged its readiness to do more to tame inflation, which is running at 14-year highs.

SINGAPORE fintech funding hit a three-year high in 2022, even as lower valuations, turbulence in cryptocurrencies and uncertain economic conditions dented global fintech investments.

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.93 per cent on Thursday (Feb 16).

STANDARD Chartered raised a key performance metric and announced a new US$1 billion share buyback on Thursday after posting a 28 per cent rise in annual pretax profit as global interest rate hikes boosted its lending revenue.

DBS Group Holdings, South-east Asia’s largest lender, is considering raising its stake in China’s Shenzhen Rural Commercial Bank over the next few years, its chief executive said on Thursday (Feb 16).

DBS Group Holdings, South-east Asia’s largest lender, is considering raising its stake in China’s Shenzhen Rural Commercial Bank over the next few years, its chief executive said on Thursday (Feb 16).

THEY’D come a long way together, from teenage mathletes to MIT frat brothers to crypto billionaires.

NATIONAL Australia Bank on Thursday posted a 19 per cent jump in first-quarter cash profit helped by rising interest rates, but the lender warned of headwinds as house prices soften and borrowers get squeezed by rising living costs.