Staff Reporter

But increased competition in lending may give rise to risks in the long-term.

It will be chaired by CEO Piyush Gupta and will consist of DBS board members.

Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.

All branches will be closed every Saturday.

Any move to play saviour could also damage China, warns Natixis.

In Taiwan, 60% of its female employees are AVPs and MDs, according to Citi.

As digital adoption hastens, there is now more data than ever. Just in 2020, data volume amounted to 59 trillion gigabytes globally and is expected to grow to more than 180 zettabytes by 2025. Yet, for all this abundance of data, the financial services industry remains surprisingly information-poor. Rapid change is needed if the industry is to unlock the riches of its data and turn what is currently a problem into an opportunity. 

Infected employees caused bank branches to close until further notice.

CBA has agreed to maintain a 5.57% shareholding in the bank until Feb 2025.

Jain first joined Standard Chartered in 2019 as CEO of its Indian securities business.

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

One of the three failed to meet market expectations.

The government is also donating US$100,000 for Ukranians’ humanitarian needs.

This comes after Beijing vowed to keep the property market stable.

This is expected to create 13,000 jobs in the country.

Financial services industry has become a hotspot of digital innovation, driven by changing customer expectations, heightened competitions by new entrants and incumbents, stringent regulations, and technological advancements. Embracing the digital world is a strategic imperative to ride the economic recovery wave and build business resiliency. The pandemic exposed many productivity gaps between companies that adequately invested in digital platforms to continue business operations with a remote workforce, and those who were still reliant on manual processes.