Frances Gagua
Carbon offset purchases to be a $100b market by 2030
Carbon offset purchases to be a $100b market by 2030
Financial institutions will play a large role in enabling carbon credit financing and carbon offset purchases, says Deloitte.
Nine in 10 affluent SG investors are wealthier than a year ago: study
One in 2 believe that now is the prime time for long-term wealth creation.
Hong Leong Asia net profits down 27% to S$30.8m in H1
Weaker RMB to SGD exchange rates weighed on revenue.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan.
Weekly Global News Wrap: China floats $1.3m asset minimum for hedge fund industry; US levels banks with $549m in penalties
And the Netherlands’ Rabobank sees profits double in H1.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Syfe launches Syfe Income+ product in Hong Kong, target 6% to 8.6% payouts
The digital investment platform held a seminar alongside the product’s launch.
OCBC offers digital invoice financing to SMEs
Over 55,000 SMEs are registered in InvoiceNow.
DBS chief Piyush Gupta sells 100,000 shares, nets S$3.42m
Of these, 91,900 were sold at S$34.2253.
Hang Seng Bank opens two new cross-boundary wealth management centres
One is in Shenzhen and the other is in Tsim Sha Tsui.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
Fasset superapp aims to use digital assets to drive financial inclusion
The digital asset company plans to eventually offer remittance, lending, and borrowing.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
Hong Leong Finance SG profits up 3.2% to S$46.57m in H1
An interim dividend of 3.5 cents per share has been announced.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.