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View all search resultsUS President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday citing people familiar with the matter.
The President expressed concern about the burden on local banks and wants the loan program to resume until the end of the year, even as Indonesia was the last country to phase out such pandemic-related special facilities in March.
A recent seminar by HSBC shed light on the unique challenges in the banking industry’s current business models amid the wave of digital disruption and how the sector can better position itself.
Industry leaders told a panel discussion on Tuesday at the World Financial Innovation Series that AI was overhauling banking through predictive analytics that enabled tailored insights, precise pricing and reduced fraud risks.
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of US$1.6 trillion and greater muscle in wealth management.