Latest News for: Thailand banks

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China's digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics

Business Insider 19 Apr 2021
Costfoto/Barcroft Media via Getty Images International athletes and supporters could test China's digital currency at the 2022 Winter Olympics, according to central bank vice governor Li Bo ... Concerns have arisen about China's use of a central bank digital currency and what this might mean for the country's position in the global financial system.
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China Will Pilot Digital Yuan For Foreigners At 2022 Winter Olympics

Inside Bitcoins 19 Apr 2021
This is not the first time the bank is announcing trial plans for the digital yuan at the event ... It launched its first domestic digital yuan tests in 2020 and went on to collaborate with other central banks in Hong Kong, Thailand, and the United Arab Emirates for cross-border CBDC pilot tests.
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PBoC vice governor says China regards crypto assets as investment alternatives

The Block 19 Apr 2021
Li made the remark in English in a panel discussion on the overall topic of central bank digital currency on Sunday night China time. He was joined by Zhou Xiaochuan, the former governor of the PBoC, Agustín Carstens, the general manager of the Bank for International Settlements, as well as executives from Thailand's central bank and SWIFT.
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Bank of England sets up taskforce to explore central bank digital currency

Business Day 19 Apr 2021
London — Britain’s Treasury and the Bank of England (BOE) are weighing the potential creation of a central bank digital currency (CBDC), joining authorities from China to Sweden exploring the next big step in the future of money ... The European Central Bank and Sweden’s Riksbank have said they could follow suit at around the middle of the decade.
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Bahamas and Cambodia lead retail digital currency projects, survey finds

Hong Kong Standard 19 Apr 2021
Mainland China is third behind the Bahamas and Cambodia in a ranking of the maturity of central banks’ retail digital currency projects, according to a report from PwC, Bloomberg reports ... As for interbank or wholesale projects, Thailand and Hong Kong tied for the top ranking, according to the PwC report.
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China Plans to Allow Use of Digital Yuan at Winter Olympics in 2022

Coinspeaker 19 Apr 2021
As the deputy governor of the People’s Bank of China Li Bo, said at a CNBC panel at the Boao Forum for Asia on Sunday, “for the upcoming Beijing Winter Olympics, we were trying to make e-CNY available not only to domestic users but also to international athletes and like visitors”.
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Citigroup trims global consumer banking profile, RI, Malaysia affected

The Jakarta Post 18 Apr 2021
Citigroup announced on Thursday it will exit 13 international consumer banking markets as it joined other large banks in reporting blowout earnings amid a strengthening US economy ... With coronavirus vaccines and significant US fiscal stimulus spending boosting the outlook, major banks no longer expect huge loan defaults due to Covid-19.
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Thailand central bank unfazed by US currency watchlist inclusion

MENA FN 18 Apr 2021
(MENAFN - Gulf Times) The Bank of Thailand has responded to the US decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility ... .
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U.S. stops short of branding Vietnam, Switzerland, Taiwan currency manipulators

Yahoo Daily News 17 Apr 2021
Thailand's central bank said it did not see an impact on business flows or its ability to implement macroeconomic policies to safeguard domestic stability after remaining on the U.S ... The Bank of Thailand maintains the country has never used the exchange rate as a tool to gain ...
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Citigroup trims global consumer banking operations, includes PH

Manila Bulletin 17 Apr 2021
NEW YORK (AFP) – Citigroup announced on Thursday it will exit 13 international consumer banking markets as it joined other large banks in reporting blowout earnings amid a strengthening US economy ... Citigroup will focus its global consumer banking business on four markets.
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Thailand tightens curbs to control rise in Covid cases, jeopardises tourism plan

Hindustan Times 16 Apr 2021
In order top control the spike in the coronavirus cases, Thailand is all set to close schools, amusement parks and put a ban on the sale of alcohol in restaurants ... Thailand reported 1,543 new Covid-19 cases on Thursday, a single-day record, that took the cumulative tally of infections to 37,453.
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Citibank to exit retail banking in 13 markets including Korea

Korea Times 16 Apr 2021
Citigroup said Thursday it will exit consumer banking operations in 13 markets including South Korea as part of its global business reorganization ... banking giant opened its first branch in South Korea in 1967 and launched Citibank Korea Inc. in 2004 after acquiring KorAm Bank.
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Citigroup trims global consumer banking profile as earnings jump

Manila Standard Today 16 Apr 2021
Citigroup announced on Thursday it will exit 13 international consumer banking markets as it joined other large banks in reporting blowout earnings amid a strengthening US economy ... With coronavirus vaccines and significant US fiscal stimulus spending boosting the outlook, major banks no longer expect huge loan defaults due to Covid-19.
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Citi on Hong Kong hiring spree in effort to triple client numbers

Metro USA 16 Apr 2021
bank said it would withdraw from consumer banking in 13 markets in Asia and Europe, including Australia, mainland China, Korea and Thailand. The group plans instead to focus its east Asian consumer banking business on the “wealth centres” of Hong Kong and Singapore.
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Citigroup to leave PH, 12 other markets

Manila Standard Today 16 Apr 2021
New YorkCitigroup announced on Thursday it will exit 13 international consumer banking markets as it joined other large banks in reporting blowout earnings amid a strengthening US economy ... With coronavirus vaccines and significant US fiscal stimulus spending boosting the outlook, major banks no longer expect huge loan defaults due to COVID-19.
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