HSBC last month held a book club discussion for its affluent customers, a refreshing change from the usual investment talks or food and alcohol events banks dish out to woo clients.
A BIG question mark looms over how the inclusion of Nasdaq-listed Sea Ltd on a market index would finally weigh on the shares of Singapore banks - key components of this critical benchmark.
THE losses that came with the blockage of the Ever Given container ship lodged along the Suez Canal is largely manageable for most insurers and reinsurers in spite of uncertainties around long-tail liability, said a Moody's Investors Service sector report on Thursday.
CITI announced in an internal memo on Wednesday that Kartik Mani will be its new head of Asia Consumer Bank effective immediately, taking over from predecessor Gonzalo Luchetti, who has moved on to lead Citi's consumer banking unit in the US.
MAJOR investment banks around the world face multi-billion-dollar losses after a family office, Archegos Capital Management, failed to meet margin calls on sliding speculative stock and derivative positions.
SINGAPORE's bank lending extended its growth streak for the fourth straight month in February, lifted by continued growth in housing and construction loans.
DIGITAL wealth platform and adviser Endowus has completed its first round of Series A funding with S$23 million, led by Lightspeed Venture Partners and with participation from Softbank Ventures Asia.
OCBC has launched home and renovation loans that incentivise residential property owners to make their homes mores eco-friendly in exchange for lower interest rates - a first in Singapore.
FINANCIAL institutions will have to cease the use of the Swap Offer Rate (SOR) in new derivatives contracts by end-September 2021, in a freshly announced timeline to further push the industry towards the Singapore Overnight Rate Average (Sora) as the main interest rate benchmark.
JPMORGAN Asset Management (JPMAM) has announced the Singapore retail registration of two new investment funds, JPMorgan Investment Funds - Global Income Sustainable Fund and JPMorgan Funds - Emerging Markets Sustainable Equity Fund.
