Home »
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: Survey
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 market
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 loans
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 of
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 9
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 licence
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 banks
SINGAPORE (BLOOMBERG) – Remittance start-up Nium – which recently rebranded from Instarem – has withdrawn from the contest for a Singapore digital wholesale banking licence, doubling down…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
SINGAPORE – A new government e-service that will help financial institutions address compliance challenges and better assess fraud risks in trade financing has been added…
View More New Singapore govt e-service to help banks combat fraud risks in trade financing
FRANKFURT • At the heart of chief executive officer Christian Sewing’s turnaround plan for Deutsche Bank is a contrarian bet: that he can cut spending…
View More Deutsche Bank cutting tech outlays as rivals do opposite
FRANKFURT AM MAIN (AFP) – The chief executive of Deutsche Bank, Germany’s biggest lender, said he has personally rebuked managers who ordered tailors to fit…
View More Deutsche Bank CEO blasts execs over suit fitting on day of layoffs
Whole teams in Deutsche Bank’s Asian operations were told yesterday that their positions were gone, as the lender began axing 18,000 jobs globally in one…
View More Deutsche Bank cuts 18,000 jobs in massive overhaul
SINGAPORE – Customers of United Overseas Bank (UOB) were unable to access several banking services on Saturday (June 22). Some of them took to social…
View More UOB customers unable to access Internet banking, ATM, card payment services
SINGAPORE (BLOOMBERG) – BNP Paribas is hiring relationship managers in Asia and considering a push into more of the region’s onshore private banking markets, according…
View More BNP Paribas to add 'a few dozen' relationship managers in Asia as it considers Indonesia push