THE wealth management arm of UBS, Switzerland's largest bank, is said to have laid off around 20 front-office employees in Singapore last week as part of a major global restructuring led by new division co-head Iqbal Khan.
SINGAPORE'S largest lender DBS recently alerted its customers that all incoming PayNow transaction alerts will be sent via email, instead of SMS, with effect from Feb 16.
A BATCH of 20 investment funds from a mix of new incorporations and re-domiciliations have adopted the new Variable Capital Companies (VCC) structure, as Singapore upped its fund management game and launched the VCC framework.
ONECONNECT, the fintech associate of China's Ping An Group, decided not to apply for a digital banking licence in Singapore after exploring the prospects, its chief executive for Asia-Pacific and the United Arab Emirates, Tan Bin Ru, told The Business Times.
WITH the start of a new decade, diverse groups of companies have submitted their applications for the digital bank licences in the hopes of securing their places in the pantheon of Singapore's pioneering virtual banks.
CITI Singapore has adjusted the pay of women at its bank who, when compared with their male peers of equal work performance, did not receive equal compensation. 
SINGAPORE-BASED capital firm Impact Investment Exchange (IIX) on Wednesday closed its second Women’s Livelihood Bond (WLB).
THE Monetary Authority of Singapore (MAS) on Wednesday launched a new variable capital companies (VCC) grant scheme to help fund managers defray costs when incorporating or registering a VCC.
A CONSORTIUM led by the Singapore-headquartered Enigma Group has applied for a digital full bank licence in the Republic, with an eye on serving underbanked small-and-medium-sized enterprises (SMEs) and the digital workforce.
INVESTORS can find opportunities to hedge against geopolitical risks in 2020, amid heightened investor anxiety stemming from geopolitical tensions, UBS strategists said at the UBS Wealth Insights conference on Tuesday.
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