BANK of Singapore’s chief executive officer (CEO) Bahren Shaari will be retiring by the end of this month after over 13 years at the bank, a private banking subsidiary of OCBC.
CITIGROUP reached an agreement with all 10 Revlon lenders it mistakenly paid about US$500 million on a loan, ending litigation of more than two years, a court document showed on Friday (Dec 16).
THE US Federal Reserve and the Federal Deposit Insurance Corp (FDIC) identified problems in the so-called living wills of Credit Suisse Group and BNP Paribas detailing how the banks’ US operations would be unwound in the event of bankruptcy.
A US judge overseeing the bankruptcy of FTX said on Friday (Dec 16) he would allow media companies to intervene in the case so they could argue the collapsed crypto exchange must publicly disclose the names of its customers.
FRENCH auditing firm Mazars said on Friday (Dec 16) it has paused all work for clients in the crypto business, reflecting a broader sentiment in the global high-finance industry as companies distance themselves from the beleaguered sector.
FTX and its affiliated debtors said on Friday (Dec 16) the company had filed a motion with the Bankruptcy Court seeking approval of bidding procedures to sell four businesses.
NATWEST Group became the first UK bank to have its emissions-reductions claims approved by the Science Based Targets initiative (SBTi), as such certifications take on greater importance for a growing number of investors.
THE Philippines has moved closer to setting up a sovereign wealth fund after the House of Representatives approved a measure pushed by President Ferdinand Marcos Jr, just over two weeks after it was filed.
