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THE outage of DBS digibank and PayLah services from mid-morning on Wednesday (Mar 29) was fixed as at 5.45 pm, the bank said in a statement at 7.30 pm.

THE Monetary Authority of Singapore (MAS) said DBS’ 12 hour-long disruption to its digital services on Wednesday (Mar 29), coming just after a year following a similar incident in November 2021, is unacceptable, adding that it will take “commensurate supervisory actions” against the bank after gathering the facts.

THE Monetary Authority of Singapore (MAS) said DBS’ day-long disruption to its digital services on Wednesday (Mar 29), coming just after a year following a similar incident in November 2021, is unacceptable. The authority added that it will take “commensurate supervisory actions” against the bank after gathering the facts....

A TOP US regulator’s case against Binance Holdings is mushrooming well beyond Changpeng Zhao’s company and rattling American firms that officials say worked with the exchange to trade crypto.

SILICON Valley Bank’s (SVB) failure has shone the spotlight on deposit insurance, which is capped at US$250,000 in the United States – where SVB is located. In Singapore, deposit insurance is capped at S$75,000.

The global crypto market may have collapsed, but it still has a trillion-dollar market capitalisation that holds much potential for investors.

TOP US financial officials on Tuesday (Mar 28) outlined what’s likely to be the biggest regulatory overhaul of the banking sector in years, in an initiative aimed at addressing underlying issues that contributed to the collapse of Silicon Valley Bank (SVB) and other US regional lenders.

US officials alleged that former FTX chief Sam Bankman-Fried authorised bribes of at least US$40 million to Chinese officials, according to an updated indictment filed on Tuesday (Mar 28).

THE US dollar fell against a basket of currencies for a second straight day on Tuesday (Mar 28) as easing worries about a banking crisis revived investors’ appetite for riskier currencies.

THE US dollar fell against a basket of currencies for a second straight day on Tuesday (Mar 28) as easing worries about a banking crisis revived investors’ appetite for riskier currencies.