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- 1Singapore central bank posts S$7.4 billion net loss●BREAKING NEWS: THE SINGAPORE CENTRAL BANK RECORDED A NET LOSS OF S$7.4 BILLION... ITS FIRST LOSS IN NINE YEARS. Central
The Monetary Authority of Singapore has recorded a net loss of S$7.4 billion, its first loss in nine years. The result reflects broader pressures on central banks worldwide, many of which have taken losses as higher interest rates raise funding costs and reduce the value of assets bought during years of easy monetary policy.
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Reports indicate that heavily secured banks have been breached by attackers exploiting weaknesses in employees' work systems rather than their core defenses. The incidents suggest that even the most protected financial institutions remain vulnerable through less-secured endpoints and remote access points. The news, reported by Chosun Ilbo, is drawing attention to gaps between banks' headline security and the softer targets within their everyday working environments.
- 3Standard Chartered Malaysia wins Asian Banking & Finance retail award●Inside Standard Chartered Bank Malaysia’s win at the Asian Banking & Finance Retail Banking Awards 2026
Standard Chartered Bank Malaysia has won at the Asian Banking & Finance Retail Banking Awards 2026. The industry publication highlighted the bank's win, recognising its retail banking performance in the Malaysian market. Details on the specific category were not immediately available, but the award adds to the bank's record of regional recognition for its consumer banking business.
- 4Top 10 US banks hold 54% of all bank assets●There are 4,223 FDIC-insured banks in the US, but the 10 largest hold 54% of all bank assets. # Banking # Finance # Open
The US has 4,223 FDIC-insured banks, yet the ten largest institutions control 54% of all banking assets, according to a widely shared statistic on banking concentration. Commenters are using the figure to highlight how concentrated American finance has become, despite the large number of banks on paper.