[SINGAPORE] UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full year. Wee, who is also deputy chairman of the bank, ...
Trump outsources ‘Made-in-America’ investments to Singapore crypto firm
The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
SINGAPORE] Around S$500 million in net withdrawals were made by Chocolate Finance’s customers – slashing the firm’s assets under management (AUM) by some 40 per cent – amid a “bank run” over the past ...
Banking scion buys US$70 million mansion, breaking a Singapore record
A Singapore luxury mansion has been purchased at a record price per square foot by a scion of the family which backs one of Malaysia’s largest banks.
HSBC CEO to double down in Asia, Middle East after exits
HSBC Holdings expects to double down on investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, CEO Georges Elhedery said.
StanChart boosts private credit presence with new hires in India
SINGAPORE] Standard Chartered (StanChart) is bolstering its private credit business with three new hires in India, said Henrik Raber, global head of global banking. Read more at The Business Times.
Singapore faces the region’s best in Asian U20 Water Polo Championships
SINGAPORE: Singapore will be competing for regional supremacy as it welcomes Asia’s best young water polo team when it hosts the Asian U20 Water Polo Champion ...
Most Common Scams in Singapore In 2024 – How Singaporeans Can Protect Themselves
E-commerce scams, job scams, phishing scams and investment scams had the most case reports in 2024. Almost 44% of cases resulted in losses of more than $2,000.
New DBS CEO Tan Su Shan keen on ‘bolt-on’ acquisitions rather than large-scale M&As
Ms Tan will focus on boosting the bank's high-return businesses like wealth and transaction banking. Read more at straitstimes.com.
Singapore will maintain open economy, invest in maritime sector to be more efficient: SM Lee
Singapore will maintain an open economy and foster the growth of international trade while doubling down on its maritime sector to be more efficient, competitive and trusted. Senior Minister Lee Hsien ...
Singapore’s Temasek seeks CCI nod to acquire 10 pc stake in Haldiram
Singapore's sovereign wealth fund Temasek Holdings has sought approval from the Competition Commission of India (CCI) to acquire about 10 per cent stake in Haldiram Snacks Food ...
HSBC Global Private Banking Expands Southeast Asia Coverage
HSBC Global Private Banking (GPB) has made a strategic appointment within its Southeast Asia leadership team, naming a new head to oversee both the Philippines and Japan desks.
10 best savings accounts in Singapore with the highest interest rates (March 2025)
Savings accounts have a simple premise, but often come with complex mechanisms for you to earn bonus interest. When you open a savings account with a bank, you deposit money into it and let that money ...
DBS’ new CEO Tan open to ‘bolt-on’ acquisitions
DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking. Tan, 57 and ...
DBS gets ranked fifth most valuable bank brand in APAC and 17th globally
SINGAPORE: DBS has emerged as the fifth most valuable bank brand in the Asia-Pacific (APAC) region and 17th globally, according to the latest Banking 500 ranki ...
Singapore banks face an automation reckoning in 2025
Only 1% of banks in Singapore have successfully automated the majority of their KYC and onboarding workflows. Here's why the others need to follow suit quickly.