Business
Citi charges US$595 for ‘Strata Elite’ credit card to rival Amex, Chase
Citigroup launched a premium credit card designed to rival ones offered by JPMorgan Chase and American Express, the latest entrant in the…
Tag
credit
Business
S&P downgrades SingPost’s credit rating to ‘BBB-’ on downscaling, subdued operating conditions
S&P Global Ratings on Friday (Jul 25) downgraded its long-term issuer credit rating on Singapore Post (SingPost) to “BBB-” from “BBB”, as…
Business
Moody’s profit tops estimates in sign of credit market’s rebound
Moody’s adjusted earnings per share of US$3.56 topped analysts’ forecasts of US$3.38 Moody’s, a bond grader and financial data provider,…
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UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Group lost the crux of its case against European…
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How to Get a Loan in Atlanta Without a Perfect Credit Score
A personal loan might help you tackle that long-awaited home repair, afford a special celebration like a wedding or fill a hole in your…
News
Two Men Arrested for Alleged Involvement in Unauthorized Credit Card Transaction Cases in Singapore
Two men, aged 27 and 32, were arrested on Thursday, July 10, for their suspected involvement in a series of unauthorized credit card…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
Business
Caleres Secures Expanded Credit Facility in Time for Stuart Weitzman Purchase
Caleres Inc. has its financial ducks in a row as it prepares to close on its purchase of the Stuart Weitzman brand. The global footwear…
Business
US investors, Asia’s ultra-rich drive growth in Asia-Pacific private credit
A slight uptick in private-credit fundraising in Asia-Pacific (Apac) last year has given market players optimism for a positive 2025, even…
Business
Navigating private credit – how it compares with T-bills and publicly issued bonds
Private credit is rapidly gaining traction among retail investors as regulators around the world are giving these individuals more access…
Business
Atome to get US$75 million from Lending Ark as credit demand grows
As traditional credit markets in the US and Europe falter, private credit investors are turning their attention to emerging markets, drawn…
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Victoria's Secret Credit Card Review
If you’re a fan of Victoria’s Secret and often find yourself shopping there, you might want to consider their Mastercard. It’s not just…
Business
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Bank frauds in India jumped threefold last year, with…
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Adidas Says Cyber Attack Targeted Customers’ Personal Information, Credit Card Data Marked ‘Safe’ From Breach
Adidas is the latest retailer to fall victim to a cyberattack. The German sportswear brand said on Friday that an unauthorized external…
Business
Private credit funds target billions in retail demand from Asia
From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last…
Business
HSBC revamps financing, advisory to help private credit push
HSBC Holdings is reorganising its capital markets and corporate advisory units into a new business as part of a plan aimed at helping…
Business
Saks Global’s ‘Tight Liquidity’ Has S&P Reconsidering Its Credit Rating
Standard & Poor’s has Saks Global under the credit microscope. The debt watchdog put the luxury retailer’s “CCC-plus” rating on…
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Business Credit Scores: The Numbers Game
When it comes to running a business, understanding your credit score is key. Just like personal credit scores, business credit scores can…
Business
Industry players see room for private credit market to grow in South-east Asia
Private credit funds, where investors pool their capital to enable the fund manager to provide loans to companies, are seeing greater…
Business
China credit expansion beats forecast on bond sale deluge
China’s credit expanded more than expected in March as the government accelerated bond offerings to help the economy offset the impact of…
Business
Credit gauges in Asia show most concern since early pandemic
Credit-default swaps in Asia blew out the most since the worsening of the Covid-19 pandemic in 2020, as a rout in risk assets deepened…
Business
Business Credit Cards: The Good, Bad and Ugly
Business credit cards can be a powerful tool for entrepreneurs, but they come with their own set of pros and cons. Understanding the…
Business
BlackRock’s head of Asia-Pacific private credit Celia Yan to leave firm
Her team has deployed over US$200 million in 2024, over US$1.8 billion historically and been able to generate a 16 per cent gross internal…