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INDIA’S Unified Payments Interface (UPI) – an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details – has in recent weeks expanded its reach to ease cross-border payments between the world’s fifth largest economy and over a dozen foreign...

INDIA’S Unified Payments Interface (UPI) – an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details – has in recent weeks expanded its reach to ease cross-border payments between the world’s fifth largest economy and over a dozen foreign...

CRYPTO exchange Bybit is suspending US dollar-denominated deposits and withdrawals via bank transfers, including Swift payments.

CANADA’S Manulife Financial plans at least two more top-tier hires in China this month as it targets the pensions business in the fast-ageing society after taking full control of a joint venture, senior executives said.

UBS Group cut employee bonuses for 2022 by 10 per cent after its revenue declined on a slump in mergers and capital raising. But its chief executive received a boost as his bonus jumped 11 per cent year on year.

AUSTRALIA’S central bank is set to raise interest rates for a 10th straight meeting on Tuesday (Mar 7), with policymakers facing a complex messaging task for an outlook of slower economic growth and still-elevated inflation.

HARRIS Associates sold its entire stake in Credit Suisse Group, according to the Financial Times (FT), ending ties with the firm after about two decades of ownership and piling further pressure on the Swiss bank’s leadership.

IN A bid to meet customers across as many platforms as possible, banks are investing heavily in technology. OCBC, Singapore’s second-largest locally listed bank by market capitalisation, is no different.

UNITED Overseas Bank (UOB) has got itself in a bit of a pickle after reports emerged that it is part of a consortium of banks that refinanced a US$350 million loan to a subsidiary of coal miner Adaro Energy Indonesia.

AN EXCHANGE-TRADED FUND (ETF) tracking US companies that adhere to the values of Generation Z is shuttering hardly more than a year after its launch.