Bloomberg Thailand’s central bank held its benchmark interest rate unchanged for a 13th straight meeting to assess how much risk the omicron variant poses to a fragile economic recovery. The Bank of Thailand’s (BOT) rate setting committee voted unanimously to hold the one-day bond repurchase rate at a record-low 0.5%, as predicted by all 20 economists in a Bloomberg ...

  Bloomberg ING Groep NV will take an unspecified fourth-quarter charge to exit French retail banking, its latest move to pull out of non-core European markets. The Amsterdam-based lender has reached a deal with local unions on a social plan for 460 employees, according to a statement. The bank, which is waiting for approval of its plan by the French ...

  Bloomberg Union Bank of the Philippines will buy Citigroup Inc’s consumer banking assets in the Southeast Asian country for a cash consideration plus a premium of 45.3 billion pesos ($904 million). The deal covers the US firm’s local credit card, unsecured lending, deposit and investment businesses as well as Citicorp Financial Services and Insurance Brokerage Philippines Inc, Citigroup and ...