Frances Gagua

ANZ reportedly breached the ASIC Act and the National Consumer Credit Protection Act.

It offers real-time visibility, access, and control of cash holdings to companies.

The Lion City attracted the highest level of VC investments, offering regulatory stability.

Deal could be worth over RM1b, sources said.

Net profit is expected to come at around $117.5m, 14% higher than a year ago.

Deutsche Bank is the top bank for M&As, whilst Citi took the largest share for ECM underwriting.

Banks also recorded lower DCM fees compared to the first nine months of 2022.

Cracks in the financial ecosystem can erode confidence and deter foreign institutional investment. Recent occurrences, particularly the collapse of three small to mid-sized US banks in March 2023, serve as a stark reminder of the banking sector’s vulnerability and underscore the criticality of risk management and regulatory oversight. This leaves no room for complacency, even in economies such as Singapore, which has long prided itself as a bastion of economic stability.

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.

Over 3,000 customers were affected.

The digital-only bank now has 7.13 million customers in total.

In case of trouble, MUFG has a high likelihood of getting government support.

Savings accounts with a daily account balance over HK$1m will enjoy a bonus rate.

Over 180 participants graced the 20+ sessions in the day-long event.

They hope to fund start-ups offering a range of climate tech solutions.

The Thai company plans to use proceeds for refinancing purposes.