SINGAPORE, 8 Nov 2021 – Number of potential fallen angels drops to 12 from 19: The decline follows the change in India’s (Baa3 stable) outlook to stable from negative in early October. As of 31 October,…
Read More24 October 2021 – UAE’s banking assets are expected to grow by 8-10% in 2022 as the second biggest Arab economy continues to recover from the pandemic-driven slowdown and reap the benefits of hosting Expo…
Read More25 October 2021 – The Dubai Financial Services Authority (DFSA) has launched its regulatory framework for Investment Tokens. The framework reflects the proposals outlined in Consultation Paper 138 issued in March 2021, and forms the…
Read More25 October 2021 – Citigroup warned that it will incur “significant” charges in coming years as it winds down retail banking operations in South Korea. The New York-based company said earlier this year it would…
Read More27 October 2021 – Nigeria became the first African country to launch a digital currency called the eNaira.The launch of the eNaira is a culmination of several years of research work by the Central Bank…
Read More27 October 2021 – China’s ban on cryptocurrencies has spawned a thriving decentralised finance sector. China’s crackdown on cryptocurrency has levelled centralised cryptocurrency exchanges; hence, more of China’s crypto-enthusiasts and investors are turning to decentralised…
Read More28 October 2021 – Saudi Arabia’s Ministry of Investment has signed an initial agreement with HSBC to “identify and promote” sustainable investment opportunities during the Future Investment Initiative conference in Riyadh. The agreement covers identification…
Read More1 November 2021 – Barclays announced the resignation of Jes Staley, group chief executive, after the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulation Authority of their investigation into Staley’s characterisation to…
Read MorePhilippines, 02 Nov 2021 – Mynt, the Philippines’ #1 digital financial solutions provider and the company behind the popular GCash payment services app, has raised over $300 million in funding, valuing Mynt at over $2 billion. This solidifies its status as the Philippines’only…
Read MoreSINGAPORE, 2 November 2021 – DBS announced today that it will invest SGD300 million next year to grow the breadth and depth of its digital and Intelligent Banking capabilities powering all products and solutions for wealth…
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