Further, in Malaysia and Thailand, head office transformation and relocation projects are underway and expected to be completed in 2022. In Singapore, the Bank will set up new social spaces in prime ... ( read original story ...)
Billionaire Ray Dalio Set to Open Family Office in Singapore
Ray Dalio, the billionaire founder of Bridgewater Associates, is opening a family office in Singapore to run his investments and philanthropy throughout the region. ( read original story ...)
Former Standard Chartered private banker banned for 21 months
After the Hong Kong financial regulator found he breached the group’s internal policies #bankofsingapore #banned #hongkong ... ( read original story ...)
LVB writes off bonds worth Rs 318 cr ahead of merger with DBS Bank
A day ahead of its merger with the Indian arm of Singapore-based DBS Bank, the debt-ridden Lakshmi Vilas Bank (LVB) on Thursday?has written off bonds worth Rs 318.20 crore as per the existing ... ( read original story ...)
Singapore sees tech leading 1,800 new finance jobs through June
Banks and other financial firms in Singapore are planning to offer 1,800 newly-created jobs in the 12 months through June, according to the nation’s financial regulator.Almost half of the positions ... ( read original story ...)
Indiabulls too moves court challenging LVB-DBS merger
According to the final scheme of amalgamation, the entire equity paid-up capital of LVB shareholders will be written off and the shares will cease to trade and get de-listed from the exchanges with ... ( read original story ...)
IPO activity proves Southeast Asian markets robust despite crisis
Capital markets across Southeast Asia have remained resilient this year despite uncertainties from the global health crisis to the worsening US-China trade tensions and impact of the US presidential ... ( read original story ...)
UOB expands employee training programme to include data analytics, project management
These skills are most in demand in today's market, both within and beyond UOB.. Read more at straitstimes.com. ( read original story ...)
Southeast Asia IPO proceeds buck downtrend to hit US$6.4bil as of mid-Nov
KUALA LUMPUR: Total initial public offering (IPO) activity across Southeast Asia as of mid-November this year bucked the overall downward trend to inch up to pre-COVID-19 levels, with US$6.44 billion ... ( read original story ...)
Southeast Asia IPO activity marks bright spots for 2020 amidst a heightened market risk landscape
Thailand, Philippines and Malaysia saw a year-on-year increase in IPO funds raised in spite of the pandemicThailand to close 2020 as Southeast Asia's IPO star with total proceeds of US$3.9 billion ... ( read original story ...)
Singapore pushes digital banks in face of tightening security
Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting ... ( read original story ...)
Lakshmi Vilas Bank To Become DBS Bank India From Friday, Withdrawal Cap Removed
The Union Cabinet approved merger of Lakshmi Vilas Bank with DBS Bank India and removed restrictions on withdrawal of deposits. ( read original story ...)
No cap on withdrawal after Lakshmi Vilas Bank’s merger with DBS Bank, says centre
With this, there will no further restrictions on the depositors regarding the withdrawal of their deposits,' Union minister Prakash Javadekar said ... ( read original story ...)
India approves merger of Lakshmi Vilas Bank to Singapore’s DBS
The Indian government has approved the merger of crisis-hit Lakshmi Vilas Bank into the Indian unit of Southeast Asia's largest lender DBS. ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank approved by Cabinet
In a major development for the beleaguered Lakshmi Vilas Bank (LVB), its merger with the Singapore-based DBS Bank has received an approval from the Cabinet. The issue came up for discussion before the ... ( read original story ...)
LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go
Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on November 27, leading to removal of all restrictions, including withdrawal cap of ₹25,000, which the ... ( read original story ...)