Wall Street
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
And banking jobs in Frankfurt are falling despite boost from Brexit.
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1. Payment failures cost Singapore merchants $12b annually 2. Citi targets APAC insurance investments with new senior hires 3. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia trade 4. Banks and insurers must chase AI value creation, not cost savings 5. Indonesia finance firms face narrowing window to monetise AI, BCG saysResource Center
Event News
Islamic Banking
BSN eyes retail and gold to push beyond mortgage-heavy roots
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance