Citigroup is exiting from its consumer franchises in 13 markets, 10 of which are in Asia.. Read more at straitstimes.com. ( read original story ...)
Singapore businessman Ng Yu Zhi linked to alleged $1 billion fraud faces more charges
He is said to have raised the money from investors, purportedly to finance nickel trading.. Read more at straitstimes.com. ( read original story ...)
DBS, other rivals may be taking a closer look at Citi’s India retail assets
A group of institutions including HSBC, Kotak and ICICI Bank have shown preliminary interest in Citi’s assets in India, according to people in the know. But, these are early stage enquiries. ( read original story ...)
Why did Citibank exit India consumer business?
For foreign banks, retail is a tough game in this country. It has always been so. Over the years, the US multinational has been facing challenges from local competitors in the retail business, ... ( read original story ...)
Scramble by Indian banks likely to buy Citi’s assets
One of the first banks to launch a credit card business in India, Citi had steadily built a high-quality customer base in the country to become the largest credit card issuer. Citi’s average card ... ( read original story ...)
5 best car insurance plans in Singapore (2021)
It is compulsory to have your car insured in Singapore. Why not make the most of it by looking for the best car insurance plan in town when your policy is up for renewal?While it can be tempting to ... ( read original story ...)
Exclusive: DBS, StanChart among potential bidders for Citi’s Asia consumer business – sources
By Anshuman Daga, Sumeet Chatterjee and Nupur Anand SINGAPORE/HONG KONG (Reuters) - Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for ... ( read original story ...)
Weekend flash floods show that Singapore needs to invest more to deal with effects of climate change, says minister
Flash floods over the weekend showed that even after Singapore has spent S$2 billion (RM6.2 billion) to improve drainage over the last decade, it still needs to invest more to deal with the effects of ... ( read original story ...)
Jaime Taylor joins Chaucer Singapore’s Political Risks and Credit team
Taylor will join the team as a class underwriter, bringing nearly 20 years of experience to the position. Specialty insurance group Chaucer has appointed Jaime Taylor to its Singapore operations as a ... ( read original story ...)
Green Pulse Podcast: Understanding Singapore’s potential to lead in carbon services
The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.. Read more at straitstimes.com. ( read original story ...)
Deutsche Bank Establishes Emerging Market FX Trading Engine in Singapore
Deutsche Bank, a leading German financial services provider, is replacing its London-based global FX pricing engine for emerging markets. ( read original story ...)
Singapore: Econ Healthcare raises S$13.5m with Singapore IPO
Econ Healthcare has returned to the public equity markets with an IPO on the SGX that raised S$13.5m (US$10.12m). It offered 50 million shares on the Catalist Board at a price of S$0.28 per share. The ... ( read original story ...)
7 Ways to Legally Reduce Income Tax in Singapore (2021)
Singapore has a variety of different tax relief initiatives ... For example, if you are transitioning from an administrative role into finance, and you have taken a course that will help you in your ... ( read original story ...)
Cycling: Chloe Tan aims to conquer OCBC Cycle’s 100km virtual ride – at the age of six
SINGAPORE - Like any other Primary 1 pupil, Chloe Tan goes to school, does her homework, and learns new words for her next spelling test. She has also discovered the delights of moving on two wheels.. ( read original story ...)
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal. DBS has committed to zero thermal exposure by 2039, reportedly making it the first Singapore bank to ... ( read original story ...)
Standard Chartered to hire 400 staff in Hong Kong to tap growing demand for wealth management service
It is the bank’s second globally, after a similar centre in Singapore. Standard Chartered is targeting opening another Priority Private Centre in Hong Kong later this year. The redesign of Standard ... ( read original story ...)