Business
UBS faces tough new Swiss banking sector rules
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold…
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Banking
Business
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower…
Business
Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng,…
Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Business
Hong Leong Bank forms private banking alliance with Lombard Odier
Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May…
Business
Goldman Sachs combines Asia investment banking units, names Drayton APAC head
Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its…
Business
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three…
Business
Business Banking Secrets Revealed
When it comes to handling money for your business, understanding the basics of business banking is key. Many entrepreneurs think they can…
Business
Protecting Your Assets: Offshore Broker's Modern Guide to Offshore Banking
Offshore Broker, founded by marketing expert Connor Steens and banking veteran John Evans, helps people and businesses protect their money…
Business
Indonesia, home to giant gold mine, launches bullion banking
INDONESIA has launched its first bullion banks in a bid to draw tonnes of privately held gold into the financial system of South-east…
Business
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as…
Business
HSBC plans biggest investment banking retrenchment in decades
HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday (Jan 28), accelerating a…
Business
JPMorgan’s investment banking chair to step down, memo shows - The Business Times
JPMorgan Chase’s global chair of investment banking and capital markets Kevin Willsey has informed the bank of his decision to retire at…
Business
HSBC said to explore options for consumer banking in Australia - The Business Times
HSBC Holdings is studying options for its consumer banking business in Australia including a potential sale as the bank looks to further…
Business
iFast mulls more banking licences in the EU, Singapore amid global push
The company’s banking business is a key part of its three-year plan, which includes reaching a target of assets under administration of…
Business
Han Kwee Juan to replace Tan Su Shan as DBS’ head of institutional banking
DBS announced on Monday (Dec 9) that it has appointed Han Kwee Juan as head of institutional banking with effect from Jan 1, 2025. He will…
Business
STI rises 0.6% as banking shares make strong gains amid mixed Asia markets
SINGAPORE stocks were close to a record high on Thursday (Dec 5) morning, but eased by the close. The benchmark Straits Times Index (STI)…
Business
STI rises, tracking Asia gains as RHB upgrades Singapore banking stocks
SINGAPORE stocks traded higher on Monday (Nov 25) as they followed other markets in the region in making gains. As at noon, the Straits…
Business
STI falls despite Asia gains and RHB upgrading Singapore banking stocks
SINGAPORE stocks closed lower on Monday (Nov 25), even as most regional markets ended in positive territory. The benchmark Straits Times…
Business
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule…
Business
Bank of America folds fintech investment banking team into tech
Fintech and software payments are bound to intersect as financial technology begins to resemble traditional technology such as software,…
Business
Google's Nobel prize winners stir debate over company's AI research
profits derived from its leading position have allowed Google and other Big Tech companies to outpace traditional academia in publishing…
Business
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender,…
Business
HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis…