Two of its employees were reprimanded, it said in an SGX statement. United Overseas Bank Limited (UOB) said that it accepts the Singapore central bank’s decision to impose regulatory actions against ...
OCBC targets S$5 billion in loans to serial entrepreneurs by 2028
SINGAPORE] OCBC is aiming to extend an additional S$3.5 billion in loans to serial entrepreneurs in its core markets by 2028. Read more at The Business Times.
Singapore penalises nine financial institutions for AML breaches
In total, MAS has imposed composition penalties amounting to S$27.45m ($21.4m) on the FIs for violations of AML and CFT requirements.
Singapore makes big strides in the capital markets space
From digital asset pilot schemes to stock exchange linkages, Singapore has launched a number of new initiatives in the capital markets ...
UK and Singapore Explore Joint Developments in AI, Tokenisation and ESG
The 10th UK-Singapore Financial Dialogue discussed cooperation across digital finance, sustainable finance, capital markets, and more ...
MAS Fines UOB, Credit Suisse, UBS and Six Others S$27.45 Million for AML Breaches
MAS has imposed a total of S$27.45 million in penalties on nine financial institutions for breaches related to AML and CFT requirements.
Austrade, DBS Bank Boost Australian Expansion
Australian businesses are set to benefit from increased opportunities in Southeast Asia as international supply chains are being reshaped. The Australian Trade and Investment Commission (Austrade) and ...
Barclays Revamps Asia-Pacific Investment Banking Leadership Team
Barclays Plc made a series of key leadership changes at its investment banking division in the Asia-Pacific region following the appointment of Avinash Thakur as head of the business in May.
Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC
SINGAPORE] Great Eastern Holdings said that sharing the indicative range of share values determined by its independent financial adviser (IFA) with OCBC did not breach The Singapore Code on Take-overs ...
OCBC to roll out smart text resizing in its app in English, Chinese to help seniors
Users can choose from seven text sizes, which include larger options that are easier to read. Read more at straitstimes.com. Read more at straitstimes.com.
Bolder Asean reforms needed to compete in fragmented global economy, says Singapore PM (VIDEO)
Asean needs bolder reforms to transform the region into a more seamless and competitive single market to attract businesses and investments ...
Standard Chartered Faces $2.7B Lawsuit In Singapore Over Its Alleged Role In 1MDB Fraud Scheme
The bank has been accused of choosing to “overlook obvious red flags” and permit over 100 intrabank transfers that helped conceal the flow of stolen funds”.
Smart Reads of the Week: July REITs, IPO Buzz and High-Yield Picks
This week, we uncover the top REITs to watch in July, upcoming IPOs, and blue-chip essentials. We also feature high-yield dividend stocks, US growth prospects, and a long-term look at ComfortDelGro’s ...
CNA938 Rewind – A Letter to Myself: Chocolate Finance’s Walter de Oude on the wisdom of taking risks later in life
Walter de Oude is a veteran of the financial services sector. The former CEO of HSBC Singapore's insurance business went on to start Singlife, which became one of the largest insurance companies in ...
Asean needs ‘bolder reforms’ to attract investments in a more fragmented global economy: PM Wong
The next decade will be critical to unlock its full potential, said Mr Wong. Read more at straitstimes.com. Read more at straitstimes.com.
Info-Tech Systems closes 4.6% above IPO price on first day of trading
Info-Tech Systems’ mainboard listing on July 4 follows that of automaker Vin’s Holdings on the Catalist board in April. It is the first pure-play, software-as-a-service provider for human-resource ...