JAPAN is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.
BINANCE, the operator of the world’s biggest crypto exchange, will allow institutional investors to keep the collateral for leveraged positions off the platform, a move to ease concerns caused by the collapse of one-time rival FTX.
BANNING commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s (EU) capital market, and would limit choice for consumers, Germany’s finance minister Christian Lindner said.
BANNING commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s (EU) capital market, and would limit choice for consumers, Germany’s finance minister Christian Lindner said.
STERLING fell against the euro and the US dollar on Monday (Jan 16), with traders awaiting UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans.
CREDIT Suisse could slash more than 10 per cent of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment Monday (Jan 16).
THE European Central Bank’s (ECB) battle with inflation may end within half a year as policymakers begin to reverse rate hikes as soon as July, according to economists polled by Bloomberg.
PRUDENTIAL Singapore on Monday (Jan 16) said it will be setting up a financial advisory firm to offer a wider range of products and services to its customers.
CHINA’S central bank stepped up liquidity injections on Monday (Jan 16), offering more loans to some banks through its medium-term lending facility — a move that comes ahead of the Lunar New Year when companies and households typically seek more funds.
BITCOIN has bolted out of January’s starting gates with a climb of more than 28 per cent, turning up the heat on bears who anticipated more challenges for riskier investments after sharp selloffs in 2022.
