SINGAPORE fintech funding hit a three-year high in 2022, even as lower valuations, turbulence in cryptocurrencies and uncertain economic conditions dented global fintech investments.
STANDARD Chartered raised a key performance metric and announced a new US$1 billion share buyback on Thursday after posting a 28 per cent rise in annual pretax profit as global interest rate hikes boosted its lending revenue.
DBS Group Holdings, South-east Asia’s largest lender, is considering raising its stake in China’s Shenzhen Rural Commercial Bank over the next few years, its chief executive said on Thursday (Feb 16).
DBS Group Holdings, South-east Asia’s largest lender, is considering raising its stake in China’s Shenzhen Rural Commercial Bank over the next few years, its chief executive said on Thursday (Feb 16).
NATIONAL Australia Bank on Thursday posted a 19 per cent jump in first-quarter cash profit helped by rising interest rates, but the lender warned of headwinds as house prices soften and borrowers get squeezed by rising living costs.
AUSTRALIAN bourse operator ASX said on Thursday it was setting aside up to A$70 million (S$64.5 million) for a programme to accelerate its software replacement project that was halted in November.
CREDIT Suisse Group is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses.
