ASIA’S major banks are seeing a widening gap between ESG leaders and laggards, as regulators in the region ramp up scrutiny of sustainable finance, according to a World Wildlife Fund (WWF) report.
BLACKROCK plans to dismiss about 500 employees, roughly 2.5 per cent of its global workforce after the world’s biggest asset manager grappled with sharp declines last year in equity and bond markets.
THE Bank of Korea (BOK) is set to raise its key interest rate one more time on Friday (Jan 13), with policymakers then seen bringing their 18-month tightening cycle to a close amid rising concerns about the economic outlook.
FTX Group advisers have found more than US$5 billion in cash or crypto assets that it may be able to sell to help repay creditors, a lawyer for the company told the judge overseeing the biggest crypto bankruptcy.
BRITAIN’S financial watchdog said on Wednesday (Jan 11) it had fined Al Rayan Bank £4 million (S$6.5 million) for failing to put in place adequate controls to prevent money laundering.
CREDIT Suisse Group is considering cutting the bonus pool for 2022 by about half, according to people familiar with the matter, capping a grim year in which the bank was forced to raise US$4 billion after a string of losses.
GAINS in the Thai baht, Asia’s best performer in the past six months, is frustrating exporters and many private companies that are complaining that the strong currency is hurting them.
AN unexpected rally in the Indian rupee to above 82 to the US dollar was powered mostly by offshore market participants and helped the non-deliverable forward (NDF) and onshore rates to almost converge, traders said on Wednesday (Jan 11).
US-BASED cryptocurrency exchange Coinbase Global is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector.
