Monday , July 23 2018

Banking

As Danske Laundromat shuts, small banks are told they’re targets

Bloomberg Denmark’s financial watchdog is telling smaller lenders to brace for an assault by money launderers as big banks respond to intense regulatory scrutiny and improve their defenses. The head of the Financial Supervisory Authority (FSA) in Copenhagen, Jesper Berg, says smaller institutions are now particularly vulnerable. The comments come amid ...

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Malaysia’s new central bank governor has reason to turn more dovish over rate hikes

Bloomberg Malaysia’s new central bank governor presides over her first interest-rate meeting in a better position than most of her peers in Southeast Asia. Unlike her counterparts in Indonesia and the Philippines — who are ramping up rate hikes to defend their currencies — Nor Shamsiah Mohd Yunus doesn’t have ...

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