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China’s CICC eyes Middle East, South-east Asia in global push

The push comes amid increasing tension with the US over tariffs and as China’s economy has struggled to regain traction

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UOB completes acquisition of Vietnam fund manager

UOB Asset Management (UOBAM) announced on Monday that it has completed the acquisition of VAM Vietnam Fund Management Joint Stock Company first reported over a year ago, in a move that will rev up its presence in Asean.

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JPMorgan adds buy-now, pay-later provider Klarna to its payments platform

Klarna, which has 85 million customers globally, has been rapidly expanding in the US

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UBS smashes banking record as it absorbs Credit Suisse

UBS Group posted the biggest-ever quarterly profit for a bank in the second quarter as a result of its emergency takeover of Credit Suisse, and confirmed that it would fully integrate the local business of its former rival by next year.

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MAS commits S$42m to tech-adoption grants for financial sector

THE Monetary Authority of Singapore (MAS) will commit S$42 million for a new regulatory technology (RegTech) grant scheme, while enhancing the Digital Acceleration Grant (DAG) scheme, it said on Friday.

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PBOC offers most cash support since 2020 as debt sales surge

CHINA’S central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support the nation’s economic recovery and debt sales.

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Sam Bankman-Fried to fly to US Wednesday, escorted by FBI agents

FEDERAL authorities are set to whisk Sam Bankman-Fried to the US on Wednesday (Dec 21) to face a range of criminal charges related to the collapse of the FTX crypto exchange.

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Indian banks wary of parking funds with RBI following liquidity swings, say traders

INDIAN banks may shy away from parking large sums in the central bank’s 14-day variable rate reverse repo, which acted as a major reason for elevated rates through the week amid volatile liquidity, traders said.

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OCBC, UOB should privatise listed insurance arms Great Eastern and United Overseas Insurance

IN EARLY March, Singapore-listed Great Eastern Holdings (GEH) dismissed a request by a minority shareholder, acting on behalf of a group of minority investors, to table three ordinary resolutions at the insurance provider’s annual general meeting (AGM), which will be held on Apr 25.

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DBS’ Piyush Gupta sees US as global growth engine in 2025 but warns of headwinds

OUTGOING DBS chief executive officer Piyush Gupta expects the US to remain as a global growth engine, but warns of three potential...

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