Bank

Singapore proposes anti-scam law to let police order restrictions on bank transfers
November 11, 2024
SINGAPORE’S police will be able to issue restriction orders limiting banking transactions by individuals who are at risk of falling victim to scams, if a new Bill is passed....
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
November 9, 2024
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by...
State Bank of India beats Q2 profit view but lending margin shrinks
November 8, 2024
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher non-interest income but its lending margin shrank. The state-run...
Bank of England says unwind of trade that rocked gilt market likely over
November 7, 2024
BANK of England (BOE) officials said the UK bond sell-off that followed last week’s budget announcement was exacerbated by investor positioning, a signal they believe the worst of the...
Bank of England to cut rates in decision that will be overshadowed by budget, Trump
November 7, 2024
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from...