A TECHNOLOGY revolution called open banking is about to hit, muddling the future for banks. Open banking will allow consumers to aggregate their information across financial institutions, insurance companies and brokerages on a single platform.
STAR investment banker Keith Magnus has been appointed to the global management committee of independent investment banking advisory firm Evercore - one of the rare instances of a Singaporean having made it to the big leagues of a global bank.
WITH a further S$1 billion worth of new issues expected to hit the market before bankers start their Christmas festivities, the Singapore dollar bond market is in a nice canter for the final months of 2019.
ABC World Asia, a private equity fund for impact investing established in May by Temasek Trust, has closed its inaugural fund at S$385 million.
HSBC's new interim boss deserves credit for staying positive. Even as he abandoned an important return target for 2020, Noel Quinn pointed to businesses that "held up well in a challenging environment". And though he talked about accelerating remodelling plans, he and Chairman Mark Tucker will have...
MARGINS for the three Singapore banks are likely to be squeezed in the third quarter as the Singapore Inter-bank Offered Rate (Sibor) tracks south in line with the Fed's rate movement, even as loan growth is expected to remain steady.
IF YOU are planning a holiday or a trip to Hong Kong in the next few weeks, be forewarned that some travel insurance benefits will not apply as long as there is a travel advisory from the Ministry of Foreign Affairs (MFA).
SINGAPORE remains an attractive destination for new brokerage entrants, with two such outfits setting up here even as US-focused discount broker Charles Schwab announced that it would cease operations in the city-state by year-end.
INVESTORS are increasingly buying into funds and instruments that track opportunities based on long-term megatrends, in the hope of achieving better returns from paying heed to big structural themes that may also hedge against risks of a world that is increasingly becoming more insular.
SINGAPORE is taking an open-minded but thoughtful approach to regulating financial technology, economist Beatrice Weder di Mauro has told The Business Times.