Monday, 6 June 2022

China's Ant Group launches digital bank ANEXT in Singapore

China's Ant Group launches digital bank ANEXT in Singapore

China's Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank.

Speculators cut net long bets on U.S. dollar

Speculators' net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Switzerland revises liquidity rules for systemically important banks

The Swiss government on Friday announced new rules for the nation's five major banks, requiring that they boost their liquidity in order to better weather events such as the COVID-19 pandemic in future.

Citi's fat-finger trade could cost bank more than $50 million - Bloomberg Law

Citigroup Inc could record losses of more than $50 million after a London-based employee's fat-finger trade caused a flash crash in European stocks last month, Bloomberg Law reported on Thursday, citing people familiar with the matter.

Canada's Brookfield unit among sanitation companies seeking Brazil IPOs

Two sanitation companies are expected to break Brazil's IPO drought in the coming months.

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Morningstar scraps ESG product found to overly focus on Israel

A unit of Morningstar Inc that rates companies on environmental, social and governance criteria will no longer sell a human rights research product to investors after an independent review found it "focuses disproportionately on the Israeli/Palestinian conflict" relative to other high-risk regions, executives said on Thursday.

AXA registers Shanghai fund unit as city seeks revival from COVID

AXA Investment Managers has completed registration for a private fund unit in Shanghai, as Chinese regulators streamline processes to help foreign and local asset managers revive businesses amid COVID-19 outbreaks.

China banks appeal for relaxation of documentation rules to ease funds flow-sources

Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt services such as loan disbursements, sources said.

Australia's ASX appoints Helen Lofthouse as first female chief

Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens.

AIB to pay NatWest 5.4 bln euros for Irish tracker mortgage book

Allied Irish Banks will pay NatWest Group 5.4 billion euros ($5.75 billion) to acquire its Irish tracker mortgage book as the British lender moves towards completing its exit from Ireland.

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