Markets
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
Malaysia raids 12 premises for suspected financial offences
A total of 92 bank accounts were frozen.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
MUFG Bank invests in sustainable aviation fuel company
LanzaJet is reportedly planning to build SAF manufacturing plants in Japan.
Mizuho floats plan to establish securities company in China
The Japanese megabank said that authorities have officially received their application.
Taiwan banks show stable asset quality
Fitch sees a favourable outlook for Taiwanese banks in the next 2 years.
Filipinos collectively spent 42 years on digital lending apps in 2023
About 63.4% of the time was spent on platforms offering personal loans.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
Citi names ex-BNP Paribas banker as new head of markets for Thailand
Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
Philippine central bank eyes developing local capital markets
It will help make the financial system more resilient, the BSP Governor said.
Hong Kong unveils financial planning education services to youth
The programme will offer information on financial management and saving.
Korean regulators visit Hong Kong to discuss short-selling monitoring
South Korean reps met with investment banks and the CEO of SFC Hong Kong.
Japan’s SMBC bookmarks $64m for social value activities
The group has also established an investment fund.
Mizuho allots $12.95b to finance hydrogen production
The bank noted hydrogen as “key” to decarbonisation of various sectors.
Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK
The two will make business models enabling operators to clinch EV funding.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.