ALL eyes are now on whether Singapore banks will snap up Citi's assets in markets that the local trio already play in, as the Wall Street giant sheds several of its consumer banking businesses across Asia.
SOUTH-EAST Asia's largest lender DBS will acquire a 13 per cent stake in Shenzhen Rural Commercial Bank (SZRCB) for RMB5.29 billion (S$1.08 billion), in a move that will make it the largest shareholder of the Chinese bank.
SOUTH-EAST Asia's largest lender DBS will acquire a 13 per cent stake in Shenzhen Rural Commercial Bank (SZRCB) for RMB5,286 million (S$1,079 million), in a move that will make it the largest shareholder of the Chinese bank.
EYES are now on whether Singapore banks will snap up Citi's assets in markets that the local trio already play in, as the Wall Street giant sheds several of its consumer banking businesses across Asia.
HSBC Singapore and Marketnode, the joint venture between the Singapore Exchange (SGX) and Temasek, have completed a digital bond issuance on Marketnode's digital asset issuance, depository and servicing platform.
FRASERS Property Limited's subsidiaries in Australia have jointly obtained a A$300 million (S$309.1 million) five-year syndicated sustainability-linked loan from a syndicate of banks comprising Barclays, Mizuho and UOB.
THE bond yield on the benchmark 10-year US government note reached a one-year high last month, with the potential to climb even higher. The shift has unsettled investors who wonder how this will impact their portfolios.
OCBC's private banking arm, Bank of Singapore, plans to double its share of wallet in alternative investments by 2023 as ultra-low interest rates nudge investors to hunt for yield beyond traditional markets.
FINCH Capital-backed payments firm Nomu Pay has agreed to acquire Wirecard's Asia-Pacific entities in Hong Kong, Malaysia, the Philippines and Thailand for an undisclosed sum.
