Banking & Finance
How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model
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South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources said on Monday (Jan 12), amid growing expectation...
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East
Vietnam central bank cuts credit growth target to 15% this year
The new target is lower than the 16% the bank initially set for 2025 before raising it during the year
Fed served with DOJ subpoenas, Powell vows to stand firm
Trump has also sought to fire the central bank governor Lisa Cook, another extraordinary step
UOI bets on hybrid insurance model as customers seek both digital ease and human touch
It also offers specialised products that meet specific consumer needs, such as Singapore’s first dedicate cruise insurance
E-commerce platforms such as Shopee expand into insurance, drawing closer regulatory scrutiny
Questions around governance and oversight of the digital sales channels come into sharper focus
