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Samsung Electronics plans to ramp up its on-device AI business, with the aim of exceeding global market growth in the consumer electronics segment this year. The global consumer electronics market for smartphone, TV and home appliances will grow roughly 3% in 2025, Jong-Hee Han, chief executive officer of Samsung Electronics, told CNBC’s Chery Kang. Samsung, … Read more
Three Asian banks are being sued after they allegedly failed to protect a customer from a $1 million crypto scam by neglecting basic Know Your Customer and Anti-Money Laundering checks. Ken Liem, a resident of California, has filed a lawsuit against three banks, namely Hong Kong-based Fubon Bank Limited and Chong Hing Bank Limited, alongside … Read more
Intensifying its grip on crypto activities yet again, China introduced new foreign exchange rules that impose stricter scrutiny on crypto transactions. According to a report from the South China Morning Post on 31 Decmeber 2024, banks are expected to monitor and report “risky foreign exchange trading behaviours.” This includes underground banks, cross-border gambling and illegal … Read more
Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. Banks are on course to generate their highest annual trading revenues since 2010, as equity derivatives and credit deals help power the business. The industry is expected to bring in almost $225bn in trading revenues … Read more
Tether is on track to close the year with more than $10 billion in net profits, according to CEO Paolo Ardoino. Read More
Chanel Maya Banks. Courtesy of Chanel Maya Banks/Instagram Chanel Maya Banks has filed a restraining order against her mother and cousin one month after she was reported missing. According to court documents obtained by Us Weekly, the Gossip Girl alum, 36, requested a temporary restraining order against her cousin Danielle-Tori Singh on Thursday, December 26. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former global head of equity capital markets at Bank of America and is now a managing director at Seda Experts Bitcoin’s spectacular surge this year has reignited a dilemma on Wall … Read more
The stress test has helped banks more than double their capital levels over the past decade-plus. Read More
A share rally in Singapore’s biggest banks—DBS, UOB and OCBC—lifted the Straits Times Index to end the year above Malayis’a Kuala Lumpur Composite Index. Read More
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