COINBASE Global chief executive officer Brian Armstrong said the cryptocurrency exchange’s revenue is set to be cut by half or more this year as declining prices and the collapse of rival FTX rattle investors’ confidence.
AUSTRALIA is keeping an open mind on a central bank digital currency (CBDC), a senior Reserve Bank (RBA) official said, while adding it remains to be convinced there’s a case for one in a country with easy financial and cash access.
CREDIT Suisse cleared the first hurdle towards kick-starting a long-awaited US$440 million lawsuit against SoftBank stemming from the spectacular collapse of finance firm Greensill Capital.
APPLYING the remaining set of global bank capital rules in Britain will increase capital requirements by about 6 per cent by the end of the decade, the Bank of England said on Wednesday (Dec 7).
BARCLAYS has appointed Alistair Currie as its chief operating officer (COO), replacing Mark Ashton-Rigby in a management reshuffle by chief executive CS Venkatakrishnan.
BARCLAYS has appointed Alistair Currie as its chief operating officer (COO), replacing Mark Ashton-Rigby in a management reshuffle by chief executive CS Venkatakrishnan.
DEUTSCHE Bank-owned fund manager DWS on Wednesday (Dec 7) said it would create 100 million euros (S$142.2 million) in savings by 2025, and propose a dividend of up to 1 billion euros in 2024.
A FORMER representative of UOB and OCBC has been banned by Singapore’s central bank after he was convicted for offences involving fraud and dishonesty.
INDIA’S central bank reiterated its resolve to fight inflation while slowing the pace of increase in borrowing costs in a signal it’s nearing the peak rate.
