Bloomberg Siam Commercial Bank Pcl, Thailand’s second-largest lender, is going digital and slashing branches and headcount in a bid to survive competition from emerging financial players. “Even though we are a large bank, we think of it as do or die,” Chief Strategy Officer Arak Sutivong said in an interview, referring to a $1 billion technology investment program and its ...

Bloomberg Traders have been taking some profits on their long positions in the Norwegian krone this week, but the latest inflation data has given them a reason to rethink. Norway’s February headline inflation beat the highest analyst estimate and rose above the central bank’s recently lowered 2 percent target, triggering a rally in the currency of 0.7 percent against the ...

Bloomberg The Bank of Japan stayed the course with its monetary stimulus at Governor Haruhiko Kuroda’s final policy meeting before his new term begins next month. BOJ kept its yield-curve control settings and asset purchases unchanged, a result forecast by all economists surveyed by Bloomberg. And with inflation still far from the BOJ’s target, Kuroda made it clear that the ...