Wang Ke, who is currently the CEO of OCBC Wing Hang China, will become the bank’s head of Greater China. He succeeds Tan Wing Ming to the role. Tan will return to Singapore as an adviser to the group ...
Singapore to inspect Credit Suisse, UOB, RHB in US$2bil scandal
The MAS did a similar inspection on Credit Suisse in 2017 for its role in the 1MDB saga, Malaysia’s biggest corruption case, and consequently the bank was fined S$700,000. The amount was the smallest ...
Singapore to inspect Credit Suisse, others in money-laundering scandal – Bloomberg News
The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients after at ...
Singapore shares fall on Wednesday; STI down 1.1%
SINGAPORE shares finished Wednesday (Oct 18) lower, reversing gains from the day before. Read more at The Business Times.
Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer
Singapore's scheme received a 79.8 this year. "The drop in points reflects the tougher environment the market is operating in such as higher interest rates, and drops in investment markets, which can ...
Singapore’s InsurTech Giant Bolttech Considers US IPO to Raise $300M
According to unconfirmed reports, Bolttech is seeking up to $300 million in funding from a possible IPO in the US.
Citibank Singapore launching new satellite wealth advisory hubs in 2024
The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints. Citibank Singapore is launching two new satellite wealth advisory hubs in the first quarter of 2024. The upcoming ...
UOBKH and DBS analysts raise TP for Aztech following record-high quarterly earnings
As Aztech’s earnings have exceeded forecasts, UOBKH has raised its TP to $1.11, while DBS has raised it to $1.25.
RHB maintains a defensive Singapore equities portfolio 4QFY2023
Top picks include Delfi, Sheng Siong, ThaiBev, OCBC, Golden Agri, Raffles Medical, ST Engineering, CDL, Centurion and Food Empire.
MOVES-Singapore’s bank OCBC makes key leadership changes in Greater China
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Tuesday said that Wang Ke, currently CEO of OCBC Wing Hang China, will assume the role of Head of Greater China effective ...
Singapore, US and the global order
Globalisation is under threat. As two of its bigger beneficiaries, Singapore and the US must work together to create a new model. Read more at straitstimes.com.
Singapore-based insurance tech unicorn Bolttech weighs $410 million US IPO
The company runs an exchange where insurers, distributors and customers buy and sell insurance. Read more at straitstimes.com.
Citibank S’pore to open 2 more wealth hubs here; plans to close remaining 3 branches: CEO
SINGAPORE – Citibank Singapore will open two satellite wealth advisory hubs by the first quarter of 2024, even as weaker investor sentiment has weighed on the wealth management industry and the US ...
Citibank Singapore to Open Two Satellite Wealth Hubs
New locations in Parkway Parade and Holland Village will complement main Orchard hub to bring wealth advisory services closer to affluent clients SINGAPORE, Oct. 18, 2023 /PRNewswire/ -- Citibank ...
‘I carried around my piggy bank’: Amid DBS, Citibank service outage, cash is king
Some retailers, however, said they did not experience a big drop in sales revenue. Read more at straitstimes.com.
UOB-Kay Hian redesignates Tang Wee Loke as non-independent, non-executive director
UOB-Kay Hian (UOBKH) has announced on Tuesday (Oct 17) the redesignation of Tang Wee Loke as a non-independent, non-executive director. Read more at The Business Times.