Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans ... China through its regional wealth hubs in Hong Kong and ...
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...
Citigroup agrees to sell China consumer wealth unit to HSBC
Citigroup (NYSE:C) has agreed to sell its retail wealth management portfolio in mainland China to HSBC (LON:HSBA), the lender said in a statement on Monday.The transaction, which will cover total ...
Citigroup’s Big Business Revamp Continues: Sells China Onshore Consumer Wealth Portfolio To HSBC
Citigroup Inc C disclosed its plan to sell its onshore consumer wealth portfolio in China to HSBC Holdings Plc 's HSBC China division. The deal covers Citi's client base along with assets under ...
Crypto Market Insights: Bank Of International Settlements Work With Asian Central Banks Through Projects Mariana And Mandala
BIS announced Projects Mariana and Mandala with Asian central banks. UBS launched its tokenized VCC fund in Singapore. HKEX builds smart contract settlement platform.
Singdollar’s resilience will be tested as exports lose steam: Analysts
Even after a 2 per cent decline since the end of December, the currency has stayed near the top of the pack in Asia. However, it’s vulnerable to a drop in the rankings as Singapore’s economy loses ...
Singapore banks sharpen scrutiny after $2.8 billion money laundering scandal: Sources
Banks like OCBC and UOB are demanding more documents than usual in some cases to verify sources of wealth, sources said. Read more at straitstimes.com.
Singapore shares begin week lower as traders tread with caution, STI down 0.3%
LOCAL shares began the week in the red, as investors took in news of the Israeli conflict, the resultant impact on equities globally as well as rising uncertainty amid the start of the corporate earnings season.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...
Singapore banks sharpen scrutiny after $2 bln money laundering scandal -sources
Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub's biggest money ...
Citigroup to sell China consumer wealth business to HSBC
The deal with HSBC does not include Citi's institutional businesses, the bank said, adding it would continue to serve the needs of affluent to ultra-high net worth Chinese clients via its regional ...
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore – Braxton WM Reports
Coinbase has obtained a full Major Payment Institution (MPI) license in Singapore, allowing it to expand its cryptocurrency payment services in the country. This development comes after a year of prel ...
Doing Business In Singapore: What Is The Best Way To Connect With The Singaporean Audience?
Language Preferences: The official languages in Singapore are English, Mandarin, Malay, and Tamil. While English is widely spoken and used for business, it’s crucial to acknowledge and respect the ...
Singapore’s tech subscription service Circular wants to keep devices out of the landfill
Circular, backed by Y Combinator, is a service that offers consumers in Singapore and Australia subscriptions to high-end electronics, like iPhones, Samsung Galaxy, iPad Pros and MacBook Pros.
Drake’s new track sparks controversy with mention of Singapore in diss lyric
In a shocking twist, Drake's latest track Drew a Picasso has sent ripples through the music world, leaving Singaporean fans in a state of mixed emotions. The thirteenth song on his new album For All the Dogs,