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Russia’s Rosbank halts US dollar, euro, dirham operations after US sanctions

RUSSIAN commercial lender Rosbank has halted operations in US dollars, euros and dirhams, warning that some transactions could be blocked, after Washington imposed sanctions on Thursday (Dec 15) on the bank and its owner, Vladimir Potanin.

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Deutsche Bank’s rollercoaster ride towards more stability

IN 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability.

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Deutsche Bank’s roller-coaster ride towards more stability

IN 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers, as a way to restore profitability.

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Hillhouse Capital to combine Singapore offices at Marina Bay Financial Centre

INVESTMENT giant Hillhouse Capital is consolidating its two Singapore locations by moving to one of the city-state’s most premier office buildings overseeing the Marina Bay skyline, according to people with knowledge of the matter.

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These Wall Street companies are cutting staff as they prepare for a downturn

WITH investment-banking revenue plummeting and a recession looming, Wall Street is in retrenchment mode. The job cuts and hiring freezes that struck the tech world have made their way to the finance industry, with banking executives preparing for what’s expected to be an austere year ahead.

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JPMorgan to convert another US$2b of mutual funds to ETFs

JPMORGAN’S asset management arm filed to convert four more mutual funds with assets of about US$2 billion into exchange-traded funds (ETFs).

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Binance CEO says customer funds fully backed on crypto exchange

BINANCE Holdings chief executive officer Changpeng ‘CZ’ Zhao downplayed concern about a recent wave of user redemptions from the world’s biggest cryptocurrency exchange, saying that customers could pull back all their funds without any problem if needed.

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ECB slows rate hikes, but pledges continued inflation fight

THE European Central Bank raised interest rates for the fourth time in a row on Thursday (Dec 15), although by less than its last two meetings.

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Dollar gains after hawkish Fed, pound under pressure from dovish BOE

THE dollar strengthened on Thursday (Dec 15) a day after the US Federal Reserve said it expected interest rates to stay higher for longer, while the pound came under pressure from a dovish message from the Bank of England (BOE).

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Crypto contagion worry rising as demand for Bitcoin perpetual futures down 40.3%

ONE of the most closely watched indicators of trader sentiment on Binance’s market-leading derivatives exchange suggests that anxiety over additional fallout from this year’s crypto market meltdown has grown.

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