Headlines
Bloomberg MarketsKent on Reserve Bank of Australia's New FrameworkBloomberg MarketsUS and Iran Agree to Halt Attacks Ahead of TalksBloomberg MarketsPhilippines Sees Slower Growth, Weak Peso Beyond 2028Bloomberg MarketsChina: Tech Growth Distorts Energy Demand ForecastsBloomberg MarketsGold Declines as Fresh US-Iran Tension Fans Inflation ConcernsBloomberg MarketsRBA Will Be Better Prepared to Handle Next Crisis, Kent SaysBloomberg MarketsSovereign Funds Pivot Further to Private Assets in Risky MarketsEconbrowserBrent More Contango-eyBloomberg MarketsWall Street Is Abandoning Bets on a Stronger EuroBloomberg MarketsPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaFinancial TimesPutin says Russia faces fuel shortages as Ukrainian drones strike refineriesBloomberg MarketsUS Stock Futures Rise, Oil Pares Climb on Iran: Markets WrapBloomberg MarketsOil Rises as US and Iran Set to Halt Attacks Following Flare-UpBloomberg MarketsBlueBay Sees Near-Term Risk in Japan AI Stocks Followed by RallyBloomberg Markets【今朝の5本】仕事を始める前に読んでおきたい厳選ニュースBloomberg MarketsKent on Reserve Bank of Australia's New FrameworkBloomberg MarketsUS and Iran Agree to Halt Attacks Ahead of TalksBloomberg MarketsPhilippines Sees Slower Growth, Weak Peso Beyond 2028Bloomberg MarketsChina: Tech Growth Distorts Energy Demand ForecastsBloomberg MarketsGold Declines as Fresh US-Iran Tension Fans Inflation ConcernsBloomberg MarketsRBA Will Be Better Prepared to Handle Next Crisis, Kent SaysBloomberg MarketsSovereign Funds Pivot Further to Private Assets in Risky MarketsEconbrowserBrent More Contango-eyBloomberg MarketsWall Street Is Abandoning Bets on a Stronger EuroBloomberg MarketsPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaFinancial TimesPutin says Russia faces fuel shortages as Ukrainian drones strike refineriesBloomberg MarketsUS Stock Futures Rise, Oil Pares Climb on Iran: Markets WrapBloomberg MarketsOil Rises as US and Iran Set to Halt Attacks Following Flare-UpBloomberg MarketsBlueBay Sees Near-Term Risk in Japan AI Stocks Followed by RallyBloomberg Markets【今朝の5本】仕事を始める前に読んでおきたい厳選ニュース
Home/Bloomberg Markets
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
Bloomberg Marketsglobal

Prabowo Risks Prompt Global Banks to Pull Cash Out of Indonesia

Bloomberg Markets
Sunday, June 28, 2026 at 11:00 PM
~4 min read
Banking

Original Report

The three biggest foreign banks in Indonesia have shipped around $640 million of their earnings out of Southeast Asia’s largest economy since 2024 as they pare exposure amid President Prabowo...

The three biggest foreign banks in Indonesia have shipped around $640 million of their earnings out of Southeast Asia’s largest economy since 2024 as they pare exposure amid President Prabowo Subianto’s increasingly state-focused economic policies.

Glass House Analysis

This development in the banking sector reflects broader tensions between regulatory pressure and financial industry practices. The banking system serves as the circulatory system of the economy; any disruption ripples through to small businesses, homebuyers, and everyday consumers who depend on credit access.

Corporate decisions reverberate through local communities—a merger might mean headquarters relocating, a restructuring could eliminate jobs, and strategic shifts affect suppliers and service providers in countless towns. Behind quarterly earnings numbers are real employment decisions, investment choices, and community impacts that shape the economic landscape of regions across the country.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%