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.
