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Bonus hike of 30% to 50% for investment bankers seen likely

INVESTMENT bankers are lining up to collect their meatiest year-end bonuses in a while as dealmaking activity in Singapore soared to a record high last year, with the trend expected to continue into 2022.

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OCBC to continue with physical tokens as it weighs fraud risks to customers

OCBC has told The Business Times it is halting its move to phase out physical hardware tokens - previously slated for end-March 2022 - amid the sharp rise in online fraud involving the bank last month.

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NTUC Income to corporatise in bid to raise its competitiveness and fuel growth

IN A BID to beef up its competitiveness, NTUC Income announced a plan to corporatise its legal form, which would help pave the way for fresh injection of capital from institutions.

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Bonus hike of 30-50% for investment bankers likely amid record M&A activity in Singapore

INVESTMENT bankers are lining up to collect their meatiest year-end bonuses in a while as dealmaking activity in Singapore soared to a record high last year, with the trend expected to continue into 2022.

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Digital asset tech company Sygnum crosses S$1b valuation with S$120m in Series B funds

DIGITAL asset technology group Sygnum, licensed in Singapore and Switzerland, has raised S$120 million in an oversubscribed Series B funding round led by Hong Kong-listed alternative investment company Sun Hung Kai & Co.

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Fintech Revolut obtains MAS approval to offer commodities trading to users

FINTECH startup Revolut has obtained approval from the Monetary Authority of Singapore (MAS) to offer commodities trading to its customers.

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Fintech Revolut to offer commodities trading to users

FINTECH startup Revolut has obtained approval from the Monetary Authority of Singapore (MAS) to offer commodities trading to its customers.

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Azalea closes Altrium private equity fund II at US$805m

AZALEA Investment Management has closed its Altrium II fund, under its flagship private equity (PE) fund of funds product, at US$805 million on Dec 23.

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Payment performance of local firms improves slightly in Q4: SCCB

THE payment performance of firms in Singapore has improved slightly after 2 consecutive quarters of deterioration, with all sectors recording a decline in slow payments on a quarter-on-quarter basis, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Jan 4).

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Digital banks seen debuting strongly in 2022, but ‘long and difficult’ path to profitability

IT HAS been over a year since Singapore announced its 4 successful digital bank contenders.

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