SINGAPORE (BLOOMBERG) – Goldman Sachs Group plans to add about 100 staff in Singapore, taking its headcount in the South-east Asian financial hub to a…
View More Goldman to swell to record size in Singapore with 100 tech hiresHome »
Myanmar central bank to limit cash withdrawal from banks, ATMs
YANGON (BLOOMBERG) – The Central Bank of Myanmar is limiting cash withdrawals from banks and automated teller machines a month after the country’s military coup.…
View More Myanmar central bank to limit cash withdrawal from banks, ATMsMalaysia's biggest bank warns of fake Maybank website used by scammers
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – Malaysia’s biggest bank, Maybank, has issued a warning to its users about a fake Maybank2u website that is…
View More Malaysia's biggest bank warns of fake Maybank website used by scammersMorgan Stanley, Goldman lead bonus bounces for Asia bankers
HONG KONG (BLOOMBERG) – Morgan Stanley and Goldman Sachs investment bankers are getting the biggest bonus bumps among peers in Asia after revenue from the…
View More Morgan Stanley, Goldman lead bonus bounces for Asia bankersHiring of 200 staff for Grab-Singtel bank under way
A Grab-Singtel consortium, one of two successful applicants for a digital full bank licence, has already started hiring for around 200 positions in Singapore that…
View More Hiring of 200 staff for Grab-Singtel bank under wayDBS, Standard Chartered to cut interest rates further on savings accounts
SINGAPORE – DBS Bank and Standard Chartered (StanChart) will cut already-low interest rates further on their savings accounts from next year. Singapore’s largest lender, DBS,…
View More DBS, Standard Chartered to cut interest rates further on savings accountsMost SMEs confident of meeting loan repayment obligations: Survey
Seven in 10 small and medium-sized enterprises (SMEs) affected by the pandemic are confident of meeting repayment obligations for government-backed loans next year without impacting…
View More Most SMEs confident of meeting loan repayment obligations: SurveyJPMorgan fined $1.26 billion for manipulating precious metals, treasury market
NEW YORK (BLOOMBERG) – JPMorgan Chase & Co admitted wrongdoing and agreed to pay more than US$920 million (S$1.26 billion) to resolve US authorities’ claims…
View More JPMorgan fined $1.26 billion for manipulating precious metals, treasury marketUS banks set aside billions as buffer against bad loans
NEW YORK (AFP) – Three major US banks have set aside an additional US$23 billion (S$32 billion) as a backstop against bad loans, highlighting the…
View More US banks set aside billions as buffer against bad loansIndia's about to hand people data Americans can only dream of
BANGALORE (BLOOMBERG) – India has more than 560 million internet users, all generating data by the terabyte. Soon they’ll have an unprecedented amount of control…
View More India's about to hand people data Americans can only dream ofLocal banks to issue new notes for Chinese New Year 2020 from Jan 9
SINGAPORE – Banks in Singapore will usher in Chinese New Year 2020 by providing new Singapore dollar notes to customers for the festivities. DBS and…
View More Local banks to issue new notes for Chinese New Year 2020 from Jan 9Another bidder emerges for Singapore digital bank licence
SINGAPORE (BLOOMBERG) – A consortium comprising Singapore-based fintech Advance.AI, Hong Kong-listed financial services firm Sheng Ye Capital and Singapore-based PhillipCapital is the latest known contender…
View More Another bidder emerges for Singapore digital bank licenceChina planning 'aircraft-carrier-size' investment banks
SHANGHAI • China is now on a mission to create “aircraft-carrier-size” investment banks to take on the giants of Wall Street. As the nation prepares…
View More China planning 'aircraft-carrier-size' investment banksFintech start-up abandons plans to bid for Singapore digital banking licence
SINGAPORE (BLOOMBERG) – Remittance start-up Nium – which recently rebranded from Instarem – has withdrawn from the contest for a Singapore digital wholesale banking licence, doubling down…
View More Fintech start-up abandons plans to bid for Singapore digital banking licence