Featured

Becoming a bank will shrink Ant. Regulators are set to treat Jack Ma's financial group more like a regular Chinese lender. Though it has enough capital to support its existing online credit business, growth prospects will dim and its US$300 billion-plus valuation will shrivel.

PRODUCTIVITY and capital management will get most banks through the Covid-19 crisis. But if they are to thrive in a long winter of anaemic interest rates and economic challenges, they will need agility, new business models and an emphasis on environmental, social and governance (ESG) considerations.

OCBC has appointed Helen Wong as its new group chief executive officer (CEO) from April 15.

UOB announced on Friday that it has successfully priced capital securities with a reset coupon rate that references the Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) rate, which is believed to be the first in Singapore.

SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the collapse of others in the peer-to-peer lending space, said industry watchers.

IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.

LEADER Environmental Technologies (LET) has called for a trading halt less than an hour after being queried by the Singapore Exchange (SGX) on Wednesday for "unusual price movements", following a 29.5 per cent surge in its share price.

SINGAPORE'S multi-currency mobile wallet YouTrip has inked a six-year partnership with Visa to accelerate its expansion into the rest of South-east Asia - with an eye on Malaysia and the Philippines as potential markets in the next six to 12 months.

The proceeds are rolling in from CK Hutchison's US$11.8 billion November sale of its European mobile masts business to Cellnex. The ports-to-pharmacies group is finding dealmaking options limited by geopolitical tensions, and its shares have underperformed local benchmarks for five years. Showing long-suffering shareholders some love via...

GREAT Eastern Holdings on Wednesday said that Great Eastern Life Assurance Company will be redeeming early all S$400 million of 4.6 per cent subordinated notes due 2026 but callable in 2021.