COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times (FT) reported on Monday (Sep 23).
UOB announced after trading hours on Tuesday that its Sydney branch intends to issue A$750 million in floating rate notes due in October 2025 with a coupon of the three-month bank bill swap reference rate plus 0.59 per cent per annum payable quarterly in arrear.
DBS Bank has joined Contour's network, which is built on R3's Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LCs).
THE Inland Revenue Authority of Singapore (Iras) on Monday said Hwa Luck Investments and its controlling director Tan Hwa Luck were convicted for incorrect declaration of directors' fees in the company's corporate income tax returns.
MORE Asian companies are pursuing sustainability practices on the back of Covid-19, with green bonds seen as the top green financing instrument, a Citi report showed on Tuesday.
WHILE central banks may not be at the forefront of structural changes that result in inflation, their role to maintain price stability “cannot be underestimated”, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
