Singapore's central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life , for breaching requirements ...
Singapore punishes Citi, DBS, OCBC over Wirecard scandal
The Monetary Authority of Singapore, the city-state’s central bank and financial regulator, said on Wednesday that it will impose penalties amounting to 3.8 million Singaporean dollars ($2.8 million) on Citibank, DBS Bank, OCBC Singapore and Swiss Life ...
UPDATE 1-Singapore c.bank fines DBS, Citibank, OCBC, Swiss Life for inadequate money laundering, terrorism financing protections
Singapore's central bank on Wednesday said it has imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life, for breaching its requirements on anti-money laundering and countering terrorism ...
Taylor Swift fans rush to get UOB cards as pre-sale concert tickets only for cardholders
A Telegram channel discussing how fans can secure the cards was set up just 30 minutes after the concert announcement. Read more at straitstimes.com.
Ripple gets in-principle go-ahead to offer crypto digital-payment services in Singapore
CRYPTO solutions provider Ripple has obtained in-principle approval for a major payment institution licence in Singapore. Read more at The Business Times.
JPMorgan commercial bank enters Singapore, Israel in global push
JPMorgan Chase & Co's commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small companies makes a global push, the bank said.
Grab’s job cuts show Singapore tech firm not immune to ‘frosty times’ of higher interest rates, slowing economy: analysts
Extravagant growth’ pursued by firms including Grab in the pre-pandemic era is unlikely to replicated in the current economic climate, say analysts.
Worst Plunge in Years for Singapore’s Star Stock Seen Overdone
Sembcorp Industries Ltd.’s worst one-day drop in three years failed to dent the unanimous support it enjoys from equity analysts amid its climb to successive record highs.
Singapore Is Now the Most Expensive City in the World for Luxury Lifestyles
According to the report, things such as owning cars and premiums on health insurance are more expensive in Singapore than anywhere else in the world. The above-mentioned are part of 12 other consumer ... ( read original story ...)
Singapore central bank fines DBS, Citibank, OCBC, Swiss Life for inadequate money laundering, terrorism financing protections
Singapore's central bank on Wednesday said it has imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life, for breaching its ...
Singapore Fines DBS, Citi for Breaches in Wirecard Scandal
Singapore’s financial regulator imposed penalties amounting to a total of S$3.8 million ($2.8 million) on four financial institutions for breaches related to the Wirecard AG scandal. DBS Group ...
MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements
Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
UBS upgrades DBS to a buy for these reasons
The report cites four reasons four reasons for the upgrade. First, higher for longer Federal Reserve rates could mark a bottom in earnings downgrade. In fact UBS believes there could be a potential ...
MAS fines DBS, OCBC, Citi, Swiss Life for ‘inadequate controls’ uncovered in Wirecard investigations
THE Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$3.8 million on DBS, OCBC, Citibank and insurer Swiss Life (Singapore) for breaching its anti-money laundering ...
DBS, OCBC, Citibank and Swiss Life fined a total of $3.8m for breaches linked to Wirecard saga: MAS
The penalty comes a day after two former employees of Wirecard Asia were jailed for helping their superior embezzle funds from a subsidiary of the German payments giant. Read more at straitstimes.com.
Singapore: Dark clouds loom over economic outlook in Q2 – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest NODX figures in Singapore during May and their impact on economic growth prospects.