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Saudi central bank may raise loan-to-deposit ratio

DUBAI / Reuters Saudi Arabia’s central bank may raise the maximum loan-to-deposit ratio for commercial banks if that is needed to help the economy, central bank governor Ahmed al-Kholifey told Al Arabiya television. Kholifey was speaking on the sidelines of meetings of the IMF and the World Bank in Washington. The central bank last raised the ratio in February 2016, to ...

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Barclays must ward off Apple, Amazon in payments: CEO

Bloomberg Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc. and Apple Inc., according to Chief Executive Officer Jes Staley. “There are some tectonic shifts going on, driven by tech and the geopolitical environment,” Staley said during a panel discussion on Saturday at the annual meeting of the Institute ...

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Thailand growth rebound has room to run: BoT governor

Bloomberg Thailand’s already “very accommodative” monetary policy is fueling robust growth that’s spreading across the economy, said Bank of Thailand (BoT) Governor Veerathai Santiprabhob. The outlook comes as an exports revival in Thailand gains momentum despite a recent rise in the nation’s currency, the baht. Better demand from key trading partners is helping to offset strength in the exchange rate, ...

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