Frances Gagua
Singapore prohibits doing business, freezes assets of 4 Russian FIs
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
DBS China appoints Ginger Cheng as new CEO
Current CEO Neil Ge will be retiring from the bank at the end-June 2022.
Weekly Global News Wrap: India’s Paytm Bank punished for data lapses; Record bonuses spur Wall Street banks’ staff churn
And Barclays suspends sales of two products related to oil, volatility.
MUFG Bank joins think tank for CO2 and storage capture tech
CCS is expected to play a role in reducing CO2 emissions in the world.
Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025
In 2022, the market will grow to $1.7t, according to GlobalData.
1 in 4 retired investors interested in digital wealth management services: study
Wealth managers are called to ramp up digital services for retired investors.
DBS CEO Piyush Gupta’s salary up 47.8% to S$13.57m in 2021
His cash bonus jumped 51% in 2021 compared to the previous year.
Australian mortgage market to 'hold steady' in 2022
Economic recovery will support performance and hold delinquencies steady.
Dah Sing Bank reopens four branches
They are open on weekdays.
DBS forges on with net-zero goals in 2022
It is transforming its data centres and server rooms into carbon-neutral assets.
Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions
And global financial conditions are expected to tighten further over the coming years.
Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch
But increased competition in lending may give rise to risks in the long-term.
Cryptocurrency in Hong Kong – Regulated or Not
With the second-highest engagement after the United States, Hong Kong continues to be a significant market for cryptocurrency.
DBS establishes Board Sustainability Committee
It will be chaired by CEO Piyush Gupta and will consist of DBS board members.
Chinese banks seek workarounds amidst sanctions against Russia: report
Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.
Singapore’s financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
DBS Hong Kong suspends counter services in 14 branches
All branches will be closed every Saturday.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
