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Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud

The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad

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Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims

The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad

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Three senior Mizuho FX/rates traders exit in Singapore, London

Three senior executives have left Mizuho Financial Group’s foreign-exchange (FX) and rates trading teams in Singapore and London, according to sources...

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KKR starts financial advisory platform to widen choices for Singapore consumers

Ascend Asia has onboarded finexis as a member firm, ahead of the completion of its acquisition by the third quarter of this...

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South Korea wealth fund to boost bets on AI startups, eyes China tech

KIC has expanded to US$206.5 billion in assets under management as at end-2024

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Circle applies for US trust bank license after bumper IPO

Crypto platform Anchorage Digital is currently the only digital asset company with a national trust bank charter

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ECB tweaks strategy to counter sustained inflation swings, either up or down

It is tweaking its overarching strategy after being blind-sided by a surge in prices in recent years

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ING to cut 230 jobs as it has ‘too many’ managing directors

ING Groep announced a round of cuts focused on senior staff saying there are just too many of them.

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UBS kicks off share buyback programme of up to US$2 billion

The buyback is expected to kick off on July 1

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Global banks may push back on RBI’s offshore swap reporting plan

Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by...

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