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AUSTRALIA’S central bank wants mobile wallet providers to offer least cost routing options for merchants by the end of 2024, under new regulatory powers set to be granted by the government. In a speech on the payments system, Reserve Bank of Australia (RBA) Governor Philip Lowe said merchants should have...

DISGRACED cryptocurrency tycoon Sam Bankman-Fried indicated on Tuesday that he could fight extradition from the Bahamas after the US Justice Department obtained his arrest on fraud charges lodged in New York. Bankman-Fried told a court in Nassau after his arrest on a US request that he would not waive his...

DANSKE Bank, Denmark’s largest bank, has pleaded guilty to defrauding American banks in order to sneak money from criminals in Russia and elsewhere into the US financial system and will forfeit US$2 billion, the Justice Department said on Tuesday. The Danish bank misled US banks about its Estonia branch’s anti-money...

SHORTLY after US regulators charged FTX founder Sam Bankman-Fried with defrauding investors on Tuesday (Dec 13), the crypto exchange’s new CEO told lawmakers the collapse stems from poor management practices and inexperienced individuals at the helm.

SAM Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, was charged by US regulators on Tuesday (Dec 13) with defrauding investors in what regulators called “a house of cards,” with more charges expected later.

STANDARD Chartered Bank has trained more than 8,000 employees in Singapore as part of an S$8 million investment to upgrade its talent, it announced on Tuesday (Dec 13).

UK REGULATORS are watching out for a “land grab” of London traders by the European Union (EU), though they are satisfied with the post-Brexit personnel moves so far, the head of the Prudential Regulation Authority (PRA) said.

BINANCE saw withdrawals of US$1.9 billion in 24 hours, blockchain data firm Nansen said on Tuesday (Dec 13), as the cryptocurrency exchange “temporarily paused” withdrawals of the USD Coin (USDC) stablecoin.

FUND managers and investment advisers are returning to battered Asian bond markets, betting on a rebound in 2023, though with a wary eye on the risks of defaults and a global recession.

INDIA’S biggest merger ever will likely take away from the rupee bond market one of its top issuers, an absence that may weigh on debt sales and arrangement fees for banks.