WEALTH managers and private bankers expect a step-up in client requests and fund movements this year, as the strength of Singapore’s financial system earns a premium amid widespread banking industry turmoil.
CREDIT Suisse Group’s head of mergers and acquisitions for South-east Asia is leaving, according to people with knowledge of the matter, adding uncertainty in a region where the bank is among major deal advisers.
THE United States on Monday (Apr 3) welcomed plans by the World Bank to boost its annual lending by US$5 billion to address global challenges including climate change over the next 10 years, but said it was pushing for more ambitious changes soon.
GLOBAL payments processors Visa and Mastercard are fighting a new set of lawsuits over fees charged to retailers, with their lawyers telling a London tribunal on Monday (Apr 3) that the proposed collective cases serve no purpose.
BANKS are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of England said on Monday (Apr 3).
HSBC Holdings on Monday (Apr 3) pushed aside a proposal by an activist shareholder in Hong Kong to spin off its mainstay Asia business, reiterating the adverse impact on the Asia-focussed bank’s cost and clients.
HSBC Holdings on Monday (Apr 3) pushed aside a proposal by an activist shareholder in Hong Kong to spin off its mainstay Asia business, reiterating the adverse impact on the Asia-focussed bank’s cost and clients.
