CHINA’S banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and risk management, in a step to better prevent risks in the country’s financial system.
A WAVE of job cuts that’s swept through the global finance industry hasn’t affected demand for ESG specialists, where hiring growth continued through 2022, according to a study by Barclays Plc.
THE Japanese subsidiary of Sam Bankman-Fried’s failed crypto empire FTX moved a step closer to becoming the first of the group’s businesses to return money to customers.
GERMAN insurance giant Allianz on Friday (Feb 17) reported record results for 2022, as higher prices for policies helped offset a weaker performance in its asset management unit.
GOLDMAN Sachs is expecting the US Federal Reserve to raise interest rates three more times this year by a quarter of a percentage point each, after data this week pointed to persistent inflation and resilience in the labour market.
ABOUT US$2.5 billion flowed out from Binance’s stablecoin this week, Binance’s CEO said on Twitter, after US regulators turned their sights on the cryptocurrency.
CHINA is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday (Feb 20), a Reuters survey showed, as investors believe the world’s second-largest economy is on track to recover from Covid-19 slumps.
CREDIT Suisse Group’s Singapore chief executive officer Chien Chien Wong is leaving the bank, the latest senior departure to hit the embattled Swiss firm.
AUSTRALIA’S top central banker again projected further interest rate rises in coming months and said the pain was worth bearing to bring inflation down.
