July 2025 - Page 4

Japan now faces a precarious balancing act as US-imposed tariffs weigh heavily on exports, corporate profits, and wage dynamics, complicating the Bank of Japan’s (BOJ) monetary policy choices. With the yen weakening

The US dollar recently hovered near multi‑year lows amid escalating geopolitical tensions as the Trump administration prepared to implement higher tariffs following the expiry of its 90‑day moratorium – a move that

Singapore’s financial regulator has issued its second-largest collective fine, totalling S$27.45 million (US$21.5 million), against nine banks and wealth managers, including UBS, Citi, and Julius Baer. The action follows a major money-laundering

A group of high-profile tech billionaires is preparing to launch a new bank called Erebor, aiming to fill the void left by the collapse of Silicon Valley Bank in 2023. The venture

Stripe has deepened its partnership with open banking provider TrueLayer, expanding their pay-by-bank solution into France and Germany as demand for seamless, card-free payments grows across Europe. The move builds on the

Singapore police now have the authority to seize control of an individual’s bank account and block money transfers if they suspect the person is being scammed, under a new law that came

ING Bank is intensifying its investment in agentic artificial intelligence (AI) to reshape its operational backbone, with transformative projects already under way in transaction monitoring, customer due diligence (KYC), and mortgage processing.