Singapore Turns India’s Nifty Into a Giraffe

Singapore Exchange Ltd. has announced a new product that an excited hedge-fund manager described to me as the "most brilliant use of finance." That's an exaggeration, of course, though with a large grain of truth. SGX will launch three derivative products ... ( read original story ...)

Deutsche Bank in Asia: whose jobs are safe, whose aren’t?

Some people at Deutsche in Singapore and Hong Kong are feeling upbeat about the reign of new CEO Christian Sewing. Others are not. https://news.efinancialcareers.com/sg-en/223787/deutsche-bank-strategy-christian-sewing/ Private bankers at Deutsche Bank in ... ( read original story ...)

Bank of China, ICBC start offering PayNow

... the Industrial and Commercial Bank of China (ICBC) were added to the list of banks offering PayNow yesterday, making it a total of nine banks offering the peer-to-peer funds transfer service to consumers in Singapore, said the Association of Banks in ... ( read original story ...)

Deutsche Bank Replaces C.E.O. Amid Losses and Lack of Direction

He has worked at Deutsche Bank since 1989, spending time at bank offices in London, Singapore, Tokyo and Toronto. He held top positions in risk management at the bank and was its chief auditor until being named to the management board in 2015. As a German ... ( read original story ...)

Singapore Stock Market Inherits Positive Lead

The Singapore stock market has moved higher in three straight trading days, advancing more than 110 points or 3.2 percent along the way. The Straits Times index now rests just beneath the 3,450-point plateau and it may extend its winning streak on Tuesday. ( read original story ...)

Singapore Plans Blockchain Push to Boost Financial Inclusion

The Singapore government is looking to boost blockchain development in an effort to improve financial inclusion for Southeast Asian countries. In opening remarks for a meeting with finance ministers from Southeast Asian countries on Friday, Heng Swee Keat ... ( read original story ...)

Bank of China and ICBC to offer PayNow

namely the Bank of China and Industrial and Commercial Bank of China Limited, the Association of Banks in Singapore (ABS) said. According to an announcement, this will bring the number of banks offering PayNow to nine. The banks currently offering PayNow ... ( read original story ...)

Deutsche Bank picks retail specialist Christian Sewing as CEO

He joined Deutsche Bank in 1989 and has worked in Frankfurt, London, Singapore, Tokyo and Toronto. “Our view is that Sewing seems to be an OK candidate,” said one major investor who spoke on condition of anonymity. Sewing’s appointment was a blow to ... ( read original story ...)

Profit Taking Expected For Singapore Stock Market

The Singapore stock market has climbed higher in consecutive trading days, gathering more than 100 points or 3 percent along the way. The Straits Times index now rests just above the 3,440-point plateau although it may run out of steam on Monday. ( read original story ...)

Deutsche Bank sacks chief executive

Mr Achleitner has remained ­silent as speculation of a management change at the bank has mounted. Mr Cryan was previously chief ­financial officer at UBS before leaving to head European operations of Temasek, Singapore’s sovereign wealth fund. ( read original story ...)

Christian Sewing to become new CEO of Deutsche Bank -Spiegel

He has been a member of the management board since 2015. Sewing joined Deutsche Bank in 1989 and has worked in Frankfurt, London, Singapore, Tokyo and Toronto, according to the bank's website. His appointment would be a blow to co-deputy Marcus Schenck ... ( read original story ...)