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DBS proposes special dividend as Q4 profit jumps 69% to record S$2.3 billion

SINGAPORE’S largest lender on Monday (Feb 13) posted a 69 per cent year-on-year rise in net profit to a record S$2.3 billion for its fourth quarter ended December.

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HSBC hires ex-StanChart banker David Koh for key role in Singapore

HSBC Singapore on Friday announced the appointment of David Koh as the country’s head of global liquidity and cash management (GLCM), effective from Oct 14.

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BOJ likely to discuss raising FY24 price view to 2% or more: sources

THE Bank of Japan (BOJ) is likely to discuss raising its inflation projection for fiscal year 2023 and 2024 at its policy meeting later this month, extending the period in which it sees prices reaching or exceeding its 2 per cent goal, according to people familiar with the matter....

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Ardian raises US$30 billion in world’s biggest private equity secondary market fundraising

Deal heralds a strong start to this year after a record-breaking run in 2024

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BlackRock loses US$17 billion mandate at Dutch pension fund PFZW

There are concerns the world’s biggest money manager isn’t acting in the best interests of clients when it comes to climate risk

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Deutsche Bank chief says more job cuts coming

DEUTSCHE Bank is starting another round of job cuts as chief executive officer Christian Sewing doubles down on efforts to lower expenses and lift profitability.

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More SGX FX futures traded in November amid surge in offshore yuan contracts

DESPITE subdued global currency markets, trading activity in foreign exchange (FX) futures on the Singapore Exchange (SGX) grew to US$110 billion in November, up 12.5 per cent month-on-month and 9 per cent year-on-year.

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Malaysia says its banks have limited exposure to Silicon Valley Bank crisis

MALAYSIA’S government on Wednesday (Mar 15) said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion.

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China’s big banks post scant profit gains as margins shrink

CHINA’S biggest lenders, including Industrial & Commercial Bank of China (ICBC), eked out profit growth in the first quarter of 2023 as they wrestled with shrinking margins and the lingering economic impact of China’s exit from Covid zero.

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Singapore mortgages may resist global rates downtrend – for now

INTEREST rates are falling across the world - with some markets already mired in negative rates - but the flow through to Singapore mortgage rates may be mitigated by local factors.

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