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.
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 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 Star Stock to Shrug Off Price Cap Shock, Analysts Say
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.
OCBC Investment Research ups Dyna-Mac’s target price to 41.5 cents
OCBC analyst Ada Lim notes that the recent upcycle in the offshore and marine (O&M) sector might be stronger than expected.
7 Best Credit Cards in Singapore for Overseas Spending (2023)
So you’ve been saving up your annual leave and spending every hour searching for cheap air tickets online. And now, it’s time to embark on a well-deserved overseas holiday. But before you blow the ...
JPMorgan, DBS, Temasek bet big on Asia’s blockchain race
Some of the world's largest financial institutions, like JPMorgan Chase, Singapore's DBS Bank and Temasek Holdings, have joined forces with regulators in the Asian finance hub to develop a safer and ...
NSE IPO creates buzz in unlisted market, shows the investor interest in issue
The demand for NSE shares in the unlisted market has shot up since March 2023 after the company announced a dividend of ₹80 and reported better-than-expected results.