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Singapore News - DBS Bank and Citibank are progressively restoring their banking services, after scores of their customers could not use their online and mobile services on Saturday afternoon. DBS customers were also reportedly unable to use their cards for physical... Read more at www.tnp.sg
A joint report by multilateral development banks (MDBs) published today finds that MDB climate finance reached a new record high in 2022. The announcement comes as delegates meet in Marrakesh, Morocco, for the World Bank (WB) Group and International Monetary Fund Annual Meetings, where scaling up public climate finance, in particular for low and middle-income economies, is one of the items on top of the agenda.
Nary a day goes by without news of someone being scammed. Banks have rolled out a wave of anti-scam measures that may be imperfect but necessary, says Reed Smith lawyer Bryan Tan.
Calls grow for multilateral institutions to embrace culture change, take a more client responsive approach, and become less risk averse.
The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the fourth consecutive time. The Monetary Policy Committee (MPC) remains focused on aligning inflation to the 4% target. The RBI may consider open market sales of bonds to manage liquidity conditions. Despite inflation and resilient economic conditions, the MPC has kept its inflation and GDP forecasts unchanged.