Banking & Finance
ECB to start fresh checks on banks’ exposure to private credit
It plans to ask banks for details of their dealings with direct lenders
Revolut revenue soars 46% to £4.5 billion as customers surge
That beat the £4.2 billion average analyst estimate compiled by Bloomberg
Japan’s SMFG prepares for possible takeover of Jefferies, FT reports
It is preparing for a potential move if a drop in the US investment bank’s share price creates an opportunity, sources say
New Zealand central bank warns prolonged energy shock could force rate hikes
[AUCKLAND] The head of New Zealand’s central bank said on Tuesday that monetary policy would look through a temporary spike in energy costs from the conflict in the Middle East but higher rates could ...
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Former OCBC CEO Helen Wong’s FY2025 pay dips 6.3% to S$12 million in final year at bank
This is compared with the S$12.8 million she took home in FY2024
Talent fight intensifies in Hong Kong’s US$1 trillion wealth hub
The city is re-emerging as a primary destination for shifting capital, amid geopolitical volatility in the Middle East and regulatory tightening in Singapore
Wall Street-backed crypto exchange takes aim at Asia FX market using won stablecoin
The goal is to create a cheaper, digital alternative to traditional non-deliverable forwards
US Fed’s Daly says no single most-likely path for rates
SAN Francisco Federal Reserve Bank President Mary Daly on Monday said that unless the Iran conflict resolves quickly and the Fed can simply “look through” a temporary increase in oil prices, it is not...
India’s economy strong enough to face external shocks, RBI says
The capacity and resilience of the Indian economy to absorb external shocks have strengthened over time
Berkshire Hathaway to invest 287.4 billion yen in Tokio Marine
The two companies will collaborate on reinsurance and global investments including mergers and acquisitions
