Category: FINANCE

Singapore’s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB. The Monetary Authority of ... ( read original story ...)

The Monetary Authority of Singapore (MAS) said it had ordered Falcon Bank to cease operations in the city-state because of "serious failures in anti-money-laundering (AML) controls and improper conduct" by senior management both at the head office in ... ( read original story ...)

That puts Singapore in a vulnerable position, concerning a renewed sell-off in Singapore equities and a repeat of severe turbulence seen at the beginning of 2016. There was severe turbulence surrounding the Singapore economy and markets early in 2016 with ... ( read original story ...)

Recent jitters over how Singapore will cope with the current myriad of economic challenges it faces, including Brexit, the slowdown in China and weakened global demand, have led to a cut in the economic growth forecast for the nation. The most recent ... ( read original story ...)

Bankers in Singapore scrambling to get into fintech, but most don’t make the cut. Here’s my advice for beating the competition. Banking recruitment in 2016 has turned out to be a bit of non-event in Singapore (I should know, I’m banking recruiter). ( read original story ...)

SINGAPORE The growing risk of a recession in Singapore has raised the prospects of an off-cycle easing in policy, although for now the consensus among economists is for the central bank to sit tight in the hope the economy sparks to life. Ten out of 15 ... ( read original story ...)

Or is it? Many of the most in-demand banking jobs in Singapore and Hong Kong are actually rather on the dull side. But taking one of these “boring” roles could eventually lead to something better, say recruiters. 1. Internal audit Banks in Asia are ... ( read original story ...)