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Banking & Finance

Companies & Markets

BNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT

The New York-based bank has invested heavily in AI and culture transformation and is ready for its next phase of change, says Vince in an exclusive interview

BNY CEO Robin Vince says two-thirds of 50,000 people are working in offices that have been significantly renovated or brand new in the past three years.
Banking & Finance

BNY to move Singapore offices to Marina One East Tower

Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022

Chicago Federal Reserve President Austan Goolsbee was one of two officials who voted against the central bank’s rate cut last week.
Banking & Finance

US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom 

FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it should help open the door for more interest rate cuts next year.

ECB president Christine Lagarde says: "We reconfirmed that we are in a good place, which does not mean that we are static."
Global Enterprise

ECB holds rates with growth firmer and inflation near target

Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data

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UBS is entering the final year of its historic integration of Credit Suisse, which it bought in an emergency government-brokered deal in 2023.
Banking & Finance

UBS plans January job cuts to kick off final year of integration

The step will be followed by another round later in 2026

Bank of England governor Andrew Bailey voted for a cut, tipping the balance on the committee.
Banking & Finance

Bank of England lowers rates after tight vote but signals caution about further cuts

Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75%

India regulator has rolled out a slew of reform measures, primarily aimed at providing a nest egg for the swathes of low-income masses in the most populous country.
Banking & Finance

India insurance move opens pension firms to 100% foreign holding

The move comes amid a surge in foreign investment in Indian banks and deeper reliance on Indian tech hubs

StanChart says that it aims to “set the blueprint” for how commercial banks can help companies move money between traditional bank accounts and modern blockchain networks.
Banking & Finance

StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback

The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient

Bank of Thailand governor Vitai Ratanakorn said the central bank was ready to cut rates again if the economy underperformed.
Asean Business

Thai central bank proposes controls on gold trade, ready to cut rates further

Gold trading flows have become a significant driver of baht movements

President Trump has previously indicated that he will announce his chosen successor to current Fed Chair Jerome Powell (right) early next year.
Banking & Finance

Trump says next Fed chair will believe in lower interest rates ‘by a lot’

[WASHINGTON] US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.”

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