HSBC on Monday (Jan 1) transferred for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus. Read more at The Business Times.
Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023
The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Globa ...
Saudi Fund Outpaces Singapore’s GIC With $31.6 Billion Splurge
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte ...
S’pore stock market is undervalued
SINGAPORE: Compared with other markets, the Singapore market has been more subdued, with the Straits Times Index (STI) spending the last three months of 2023 range-bound between 3,050 and 3,150 points ...
Over 100 victims lose $160k after falling prey to bank impersonation scams in December
More than 100 people have fallen prey to bank impersonation scams in December. The 103 victims, who lost a total of at least $161,000, were duped by scammers who spoofed bank SMSes in order to gain ...
Monetary Authority of Singapore Imposes Civil Penalty of $3.9M on Credit Suisse AG for Alleged Misconduct by Relationship Managers
MAS imposed a civil penalty of $3.9 million on Credit Suisse AG, for its alleged failure "to prevent or detect misconduct by its relationship managers." ...
Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account
SINGAPORE: A man took to social media to share a firsthand account of his encounter... The post Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account appeared first on The Inde ...
DBS’s stake in Shenzhen Rural Commercial Bank has risen to 16.69%
The financial implications of this transaction are anticipated to be immediately accretive to DBS's earnings and return on equity (ROE) ...
Why DBS Bank’s woes is a forewarning to bankers on a digital dope
While digital is a given, over-emphasis on cutting-edge tech can inadvertently stretch operational resilience thin.
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Chartered
The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
S’pore scammer pretends to be ‘bro’, tries to trick target to PayNow S$4,800
A scammer in Singapore posed as someone's friend and tried to trick them into transferring him S$4,800 via the POSB app. He ended up requesting for S$1,000 instead when the person declined.
UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale
SINGAPORE: On Dec 29, the United Overseas Bank (UOB) revealed the key spending patterns among... The post UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale appeared first on Th ...
How I will invest $1 million in 2024? (as a Singapore investor)
With that in mind, how would I invest as a Singapore investor in 2024? What are the key short / mid term trends for this decade? (as a Singapore Investor) The way I see it, the key mid term trends for ...
Top Stock Market Highlights of the Week: ComfortDelGro, Sumitomo Life Purchasing Singlife and Singapore’s Core Inflation
One of the largest insurance deals in Asia has just been announced. Sumitomo Life Insurance Company has offered to buy a 35% stake in Singapore Life Holdings (“Singlife”) from TPG and make an offer to ...
MAS fines Credit Suisse $3M for failing to monitor Singapore managers
The Monetary Authority of Singapore imposed a 3.9 million Singapore dollars (U.S. $3 million) penalty on Credit Suisse for failing to detect misconduct by relationship managers at its Singapore branch ...
35-year-old man asks, “Is it too late to start investing?” after inflation freaks him out
SINGAPORE: A 35-year-old man took to social media to ask whether it was too late... The post 35-year-old man asks, “Is it too late to start investing?” after inflation freaks him out appeared first on ...