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EHT says ‘premature’ to assess sponsor’s estimate of Queen Mary repair costs

<p>EAGLE Hospitality Trust (EHT) on Sunday night said it is still "premature" to appoint its own expert to separately evaluate the costs of the maintenance of the Queen Mary floating hotel at this stage.</p>

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Singapore will set aside additional S$180m for AI research: DPM Heng

SINGAPORE will set aside an additional S$180 million on top of the S$500 million committed for artificial intelligence (AI) research, said Deputy Prime Minister Heng Swee Keat at the Singapore Fintech Festival x Singapore Week of Innovation and Technology 2021.

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SocGen launches series of US stock daily leverage certificates on SGX

FRENCH bank Societe Generale (SocGen) has announced the launch of a new series of US stock daily leverage certificates on the Singapore...

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Buffett’s Berkshire reveals US$6.7 billion stake in insurer Chubb

WARREN Buffett’s Berkshire Hathaway unveiled a US$6.7 billion stake in insurer Chubb, ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings.

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Citi shifts working hours, enhances platform ahead of settlement cycle change

AS WALL Street braces for the new era of faster settlement times across securities, Citigroup’s global custody business is leaving nothing to chance after taking measures to avoid failed trades ahead of the end-May deadline.

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Citigroup boosts pay for most junior bankers despite tough year

CITIGROUP is raising compensation for its junior investment bankers by as much as 15 per cent even as many Wall Street peers are cutting jobs and slashing bonuses after last year’s industry-wide deals slump.

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DBS offers SME customers quicker audit confirmation via digital platform

DBS has rolled out the banking industry's first digital audit confirmation solution, DBS Audit Confirmation, on its online corporate banking platform DBS Ideal.

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HSBC Private Banking in Singapore hires ex-Credit Suisse banker for ultra high net worth unit

HSBC Private Banking has made another senior hire for its new ultra high net worth unit focused on serving super rich families in Asia, following two senior hires in March.

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Unrealistic to fully cut financing to coal companies: Singapore banks

CUTTING all financing for coal companies is unrealistic, said Singapore’s local banks, adding that funding is necessary to ensure the energy transition process is orderly and just.

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CBA’s first-half profit beats estimates on strong asset quality, lending volume growth

COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for...

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