The Monetary Authority of Singapore said that Credit Suisse bankers provided clients with inaccurate or incomplete post-trade disclosures, resulting in customers being charged above agreed rates.
Credit Suisse penalised $3 million after Singapore probe
The action on Credit Suisse follows its review of pricing and disclosure practices in the private banking industry, according to the MAS. The regulator said that its investigations revealed that ...
Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online
SINGAPORE: A deepfake video of Deputy Prime Minister Lawrence Wong is being spread on social... The post Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online ...
Credit Suisse Slapped With $3M Fine By Singapore In Effort To Curb Financial Malpractices
In a move aimed at curbing financial malpractices, Credit Suisse has been hit with a $3 million penalty by the Monetary Authority of Singapore (MAS). The bank’s relationship managers were found to be ...
Singapore’s Budget 2024 to be delivered by DPM Lawrence Wong on 16 February 2024
Budget Statement will be delivered on Friday, 16 February 2024, by Deputy Prime Minister and Minister for Finance Lawrence Wong. To be delivered in Parliament, there will be live television and radio ...
6 things to note about CPF contributions in Singapore
The Central Provident Fund (CPF) was started by the Singapore government in 1955 as a key pillar of the country's social security system. It is run by the CPF Board, made up of a chairman and 14 other ...
Singapore factory output rises 1% in November, missing forecasts
SINGAPORE – Singapore’s factory output grew in November for a second month but fell short of expectations, largely due to a significant deceleration in electronics, as well as contractions in ...
Singapore’s 2024 Budget statement to be delivered in Parliament on Feb 16
Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2024 Budget statement in Parliament on Feb 16, the Ministry of Finance (MOF) said on Thursday (Dec 28).
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relationship managers, the ...
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion
Seatrium Financial Services, a wholly-owned subsidiary of Seatrium Limited, has successfully refinanced an existing loan facility due in February 2024 with a $400 million committed loan facility from ...
Singapore stocks extend rally on Fed-fuelled rate optimism; STI up 1%
THE year-end cheer was evident in the region on Wednesday (Dec 27) as optimism fuelled stock markets. Read more at The Business Times.
A Complete Guide to Citibank Foreign Currency Account
Need to hold funds in a foreign currency outside of the region you are residing in? Citibank's Foreign Currency Account may be your solution - with a single account, you can conveniently carry out ...
UOB Vietnam increases charter capital to expand services
VOV.VN - Singapore-based United Overseas Bank (UOB) has decided to inject an additional VND3 billion into its affiliate bank in Vietnam (UOB Vietnam), raising its affiliate’s charter capital to VND8 ...
Singapore’s Economic Outlook for 2024
Singapore’s growth forecast for 2024 is looking up and inflation rate is likely to ease. Here’s a quick look at Singapore’s economic outlook for next year.
Singapore and Norway in top ten richest countries
Singapore and Norway make it into the top ten of Global Finances' list of richest countries in the world. But the first place might shock you.
Singapore-Based FII-Backed Stock In Focus On Divestment of 100% Stake In Subsidiary
Small-cap financial services company LKP Finance Limited has a market worth of around Rs 285 Cr. The stock is in the limelight as the company stated that it is selling all of its shares in its ...