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China regulator asks banks to respond to bearish Goldman report -Bloomberg NewsChina's financial regulator has asked banks to respond to a Goldman Sachs report published last week that downgraded ratings on some Chinese banks and raised questions over the whole sector, Bloomberg News reported on Wednesday. Goldman said in a report last week it had downgraded Agricultural Bank of Chi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Grab, Sea asking Singapore to lift digital banks’ deposit cap: SourcesGrab’s GXS Bank neared the regulatory cap “within months” of launching its savings account. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Deposit withdrawals at South Korea credit union have stabilised -ministrySEOUL : Customer withdrawals from MG Community Credit Cooperatives (MGCCC), a troubled South Korean credit union, have clearly stabilised amid government efforts to ward off a liquidity crunch, the interior ministry said on Wednesday. South Korean state-run banks this week pledged to offer liquidity suppo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
India cenbank calls on more lenders to offer digital rupee - sourcesMUMBAI : The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday.Nearly two dozen central banks across emerging and advanced economies
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South Korea household borrowing at record high as mortgage demand jumpsSEOUL : South Korea's household borrowing surged to a record high in June and by the biggest amount in 21 months, central bank data showed on Wednesday, as demand grew for mortgage loans.Total household borrowing from banks grew by 5.9 trillion won ($4.56 billion) to a record 1,062.3 trillion won at the e
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EU unveils measures to make freight transport cleanerFreight transport accounts for 30 per cent of the European Union’s carbon dioxide emissions. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »