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The chief executive of Canada's biggest lender on Thursday pushed back on a suggestion by JPMorgan chief executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring.
KUALA LUMPUR: Malaysian banks are in a strong position to meet the requirement for the net stable funding ratio (NSFR), when it comes into effect in 2019 or later, says CIMB Equities Research.
HONG KONG: The number of millionaires in the world rose by nearly 8% last year to an all-time high of around 16.5 million people, with record total wealth of US$63.5 trillion, according to a report by global consultancy firm Capgemini.
Exclusive - From cyber unit to troops, South Korea adds extra layer of Olympics security amid tensions
SEOUL (Reuters) - Rattled by rising tensions with North Korea, South Korea is taking extra measures to try to ensure the safety of the 2018 Winter Games, including setting up a crack cyber defence team and doubling the number of troops, according to officials and documents reviewed by Reuters.