Singapore
MAS fines five payment firms $960,000 for AML/CFT breaches
MAS fines five payment firms $960,000 for AML/CFT breaches
These breaches were uncovered during MAS' examinations for compliance.
1 day ago
Citi names Nathan Swami as head of markets for Singapore
Smith Smithangura is retiring by the end of June 2025.
Citi Singapore almost triples wealth transactions after digital revamp
Four of five clients use the bank’s mobile app regularly.
HSBC names Ishan Sarkar as head of WPS, Singapore
He is tasked with driving a differentiated wealth strategy for Singapore.
UOB becomes direct participant of China’s cross-border interbank payment system
UOB will provide one-stop cross border RMB clearing, settlement, and payments.
DBS partners with Austrade to help Australian companies expand into SEA
DBS will provide advisory services, financial planning, and risk management.
SG digital banks expand into investments and loans to boost profits
One problem they face is that many accounts remain inactive.
Singapore's banks leave more jobs unfilled as hiring slows
For every two people who resign, only one post gets replaced.
DBS first to accept CPF LIFE payouts for credit card applications
It aims to expand access to financial products for retirees and seniors receiving monthly payouts.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
DBS surpasses US$100b market cap
The bank’s market cap is over S$129.35b according to data from the SGX.
Digital token firms serving foreign clients must obtain a license: MAS
Without a license, they will need to cease operations by 30 June.
OCBC backs Great Eastern delisting bid with S$0.9b exit offer at EGM
The offer is priced at $23.52 per share.
Digital wealth platform Syfe raises $80m in series C funding round
It now has over $10b in assets, it said.
OCBC names Elaine Heng as head of global commercial banking
Tan Yuen Siang will join the global wholesale banking leadership team.
Deutsche Bank partners with finaXai on token fund servicing
It will assess the integration of machine learning and large language models into asset servicing workflows.
OCBC, UOB to maintain strong capital buffers through 2026: Moody’s
CET1 ratio and return on assets will decline, however.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Metrobank names Renato De Borja, Jr. as head of financial & control sector 3. PBCOM appoints new treasury trading team head 4. IndoStar gains approvals to sell Niwas Housing Finance for $203.7m 5. CommBank deploys AI-powered bots to fight scamsResource Center
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