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Regulators will need to ensure banking customers' data is protected as virtual banking generates much more data on customers. which can be used by other financial institutions.
LONDON: Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back market share from rivals in the United States, industry experts say.
BEIJING: Profits at China’s industrial firms grew at a slower pace in December, according to the statistics bureau, as factory-gate inflation continued to ease, pointing to cooling demand amid mounting economic challenges.
BEIJING: Mortgage interest rates in some major Chinese cities have seen adjustments following the latest benchmark lending rate cut, and industry experts believe the lowered cost of housing loans will further stimulate reasonable consumption demand for residential properties.
Company to integrate JurisTech into its operations
BEIRUT (Reuters) -Kuwait's foreign minister said on Sunday Lebanon must not be a platform for hostile acts or words toward Gulf Arab states, an indirect call for curbs on the Iran-backed group Hezbollah in order to improve strained ties.
PETALING JAYA: Bank Negara (pc) is not expected to follow its counterpart Bank Indonesia (BI) in raising the statutory reserve requirement (SRR) ratio, an instrument to manage liquidity in the banking system.