Banking & Finance

The US dollar index, which tracks the currency against six major peers, edged up less than 0.1% to 100.97.

Greenback steadies as Middle East escalation counters soft US inflation

[LONDON] The greenback was steady on Wednesday (Jul 15) as investors balanced renewed US strikes on Iran against softer-than-expected inflation data that reduced expectations of a near-term Federal Re...

Citi expects to incur more severance expenses in the second half and accelerate investments it set out at its May investor day.

Banking & Finance

Citi shares drop as CEO Fraser plans deeper job cuts this year

The bank’s headcount fell by 5,000 in the past three months to 219,000

The bank’s AI investments have already started to reap benefits, said Shee Tse Koon, DBS group executive and group head of consumer banking and wealth management.

Companies & Markets

DBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push

The bank plans to hire 600 more front-line advisers and platform engineers by end-2028

The decision to adopt negative rates stunned markets as it came days after former BOJ chief Haruhiko Kuroda ruled it out as an option in parliament.

Banking & Finance

Kuroda’s negative rate surprise shocked his own BOJ board, minutes show

Dissenters heaped concern over the former central bank chief’s proposal to charge a 0.1% interest on a portion of financial institutions’ deposits

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Wells Fargo reported net income growth of 17 per cent to US$6.41 billion, or US$2 per share, beating analysts’ estimates.

Banking & Finance

Wells Fargo beats profit on trading boom, loan growth

The bank is expanding its credit card and auto businesses

Citi reported the highest quarterly revenue in a decade in Q2.

Banking & Finance

Citi shares fall as investor worry over expenses overshadows second-quarter profit beat

Revenue was US$24.8 billion, up 14% from a year earlier

US Federal Reserve Chair Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill in Washington, D.C., July 14, 2026.

Banking & Finance

US dollar hovers near 13-month highs ahead of inflation data

Investors are pricing in a higher chance of global interest rates rising this year

The Reserve Bank of New Zealand is aiming to keep inflation between 1 to 3 per cent.

Banking & Finance

New Zealand’s central bank warns inflation could become persistent

It expects annual inflation to peak at 3.9% in the June 2026 quarter

With zero foreign transaction fees on overseas spend and rebates on local transactions, the UOB Business World Debit Card can help small business owners improve cost efficiency.

Banking & Finance

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