Why high-net-worth Americans are banking in Switzerland
Some wealthy Americans are fleeing the United States—with their money, at the very least. The uncertainty wrought by President Donald Trump’s second term in office has benefitted Swiss…
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Banking
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 Asia’s largest economy. The region’s largest gold…
HSBC names Asia country, banking heads in CEO’s major revamp
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking…
HSBC to sell Bahrain retail banking operations as restructuring progresses
The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to BBK HSBC on Tuesday (Feb 18) agreed to sell its retail banking operations in Bahrain to the…
DBS names new heads of operations, and corporate and SME banking
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head of operations. The current…
HSBC investors back CEO’s investment banking retrenchment
INVESTORS in HSBC are backing management attempts to shutter parts of its investment bank, even as US President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets…
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 the lender restructures its business to keep a lid…
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 S$100 billion by 2028 to 2030 WHEN iFast bought a…
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 succeed deputy CEO Tan Su Shan who currently…
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) rose 22.74 points or 0.6 per cent to 3,822.68.…
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 Times Index (STI) shed some earlier gains, climbing…
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 Index (STI) shed some earlier gains, slipping 0.4…
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 aimed at fuelling more competition for financial…
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, senior official of the bank says BANK of America…
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, according to a spokesperson. Boris Chan, currently head of…
Self-regulatory organisation for fintechs set to change membership profile
Premium Fintech is diverse businesses where companies operate across domains. (Photo: PTI) 3 min read Last Updated : Oct 04 2024 | 5:48 AM IST The Fintech Association for Consumer…
7-Eleven owner seeking to sell off part of stake in banking unit
SEVEN & i Holdings, the convenience-store operator facing a takeover approach from Canada’s Alimentation Couche-Tard, is exploring the sale of part of its stake in Seven Bank, people with…
Antitrust trials could drag on for many years, says Google CEO Pichai
Sundar Pichai, Google CEO, Photo: Bloomberg 2 min read Last Updated : Sep 25 2024 | 11:46 PM IST Alphabet Inc. Chief Executive Officer Sundar Pichai said it will take many years to resolve…