Promsvyazbank
Promsvyazbank is a state-backed, formerly private Russian bank from Moscow. It is one of the biggest banks in Russia by assets. The Russian government initiated the transfer of loans issued to defense enterprises to Promsvyazbank, transforming it into a captive bank for the defense sector.
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
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Thai central bank’s digital payments on ‘top of the world’
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking