Bank
HSBC sued by Australian regulator for bank scam loss failures
AUSTRALIA’S markets watchdog sued HSBC Bank of Australia for failing to protect customers who lost millions of US dollars in scams.
HSBC received about 950 reports of unauthorised transactions...
South Korea’s central bank vows to stabilise markets amid political turmoil
SOUTH Korea’s central bank vowed to stabilise financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted...
Trump Prepares to Wreck Economy With Alarming Bank Regulator Plan
“Led by X, the new changes made to the Kids Online Safety Act strengthen the bill while safeguarding free speech online and ensuring it is not used to stifle...
Panin Bank acquisition could add 2-3% to DBS’ or OCBC’s profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total assets of S$19.4 billionA FULL takeover...
Prosecutors link rapper Lil Durk to second killing as judge orders him jailed in L.A. case
Federal prosecutors said Thursday that rapper Lil Durk, who is accused of commissioning a murder two years ago in Los Angeles, may be linked to another killing in Chicago...
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar with the matter said on...
Boutique bank Raine to shut Hong Kong base, offers staff Singapore move
RAINE Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser seeks to consolidate its operations...
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold,...
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest nations.The total figure to fund...
Amid a cash shortage in Gaza, paper money is starting to disintegrate, adding to desperation
DEIR AL BALAH, Gaza Strip — The tools of his newfound trade arrayed before him, Mohammad Al-Ashaqar, a jeweler for decades, prepares himself for the first of some 200 intricate...
