While there was no growth for the global luxury sector in 2024, HSBC Global Research says it is “time to be positive” on global luxury names, as organic growth looks set to surge in 2H2025.
DBS Hires Private Bankers for Rich Russians as Rivals Balk
DBS Group Holdings Ltd. has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction ...
Yangzijiang’s latest US$2.63 bil order win is ‘Christmas comes early’: DBS
DBS Group Research has described the latest order wins announced by Yangzijiang Shipbuilding as "Christmas came early", as it maintains its "buy" call and $2.88 target price on the stock.
JPMorgan Chase fined $1.8M for overcharging for bond trades by Singapore’s central bank
Singapore’s central bank said Monday it was fined JPMorgan Chase’s (NYSE:JPM) 2.4M Singapore dollars ($1.79M) for failing to detect and prevent misconduct by its relationship managers. The Monetary ...
Singapore’s Fintech Firm WadzPay Reports SGD 50M Investment Commitment from GEM
WadzPay Worldwide, an innovator in the blockchain tech and financial services company, announced it secured a capital commitment of SGD $50M.
Singapore central bank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
Top legislator receives United Overseas Bank leader in Singapore
Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Group Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official ...
HSBC begins search for successor to chair Tucker; ECB’s chief economist urges focus shift to upcoming risks
Under Tucker’s tenure, HSBC achieved record profits, navigated the Covid-19 pandemic, and resisted a shareholder push for a breakup. He oversaw key changes in leadership, including the controversial ...
Despite divestment news, OCBC keeps SingPost at ‘hold’ pending further clarity on strategic review
"We await further clarity on SingPost's next engine of growth, backed by a stronger balance sheet and greater financial flexibility. Pending this as well as the necessary approvals for the divestment ...
JPMorgan Chase Bank faces $1.78m penalty in Singapore for OTC misconduct
This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.
Macquarie remains ‘constructive’ on Singapore equities for 2025, sets STI target of 4,000
Heading into 2025, Macquarie has set a Straits Times Index (STI) target of 4,000 based on its bottom-up stock coverage with an expected 5% earnings per share (EPS) growth, according to its Singapore ...
Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
Standard Chartered Singapore Marathon 2024 participant dies, man found with folding knife at church: Singapore live news
A Standard Chartered Marathon 2024 participant has died, and a man was found with a folding knife at a Catholic church More curated and international news updates on Yahoo Singapore.
DBS adopts more conservative stance than market on JS-SEZ but remains optimistic on the partnership
Analysts await the upcoming 11th Malaysia-Singapore Leaders Retreat in Dec; while naming Seatrium, Sembcorp, Mapletree Logistics Trust and Venture Corporation as some near-term beneficiaries.
DBS, Enterprise SG and IMDA look to upskill SMEs in AI
DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority, has launched a strategic public-private partnership which aims to drive wider generative ...
‘Buy’ UOB with $2 bil share buyback expected at FY2024 results, says DBS
Meanwhile, DBS Group Research has a “hold” call on OCBC as it “awaits more clarity on capital management plans”.