JASON Moo, who spent more than two decades at Goldman Sachs Group, will become the new chief at the private banking unit of Oversea-Chinese Banking (OCBC), according to a person with knowledge of the matter.
MONEY managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management.
UOB has appointed Accounting and Corporate Regulatory Authority (Acra) chairman Ong Chong Tee as an independent director, the bank announced on Friday (Dec 23).
CHINA’S key money rate fell to a record low on Friday (Dec 23) after the central bank stepped up its liquidity support to help banks tide over the year-end rush for cash.
COMPETITION among India’s biggest local-currency bond arrangers has heated up to the most intense in 13 years, as credit growth stronger than in many other major economies spurs more rupee debt offerings.
A group of banks has adopted the idea of a vault for the age of the cyberattack, building a tool to encrypt and lock away the most critical customer-account data at the end of each workday. Now they’re expanding it to other financial businesses.
SAM Bankman-Fried was released on a US$250 million bond package on Thursday (Dec 22) while he awaits trial over the collapse of the FTX crypto exchange, which a US prosecutor called a “fraud of epic proportions”.
BANKERS in New York and London are brac.ing for year-end bonuses that recruiters estimate are 30 per cent to 50 per cent lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.
