Financial claims surge 45%, led by spike in scam-related claims, says disputes resolution centre
THE Financial Industry Disputes Resolution Centre (Fidrec) handled 2,162 financial claims for its latest financial period from Jul 1, 2023, ...
Tag: Financial
Spirit Airlines Files for Bankruptcy Amid Piling Debt and Years of Financial Losses after Merger With JetBlue Fails
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as it works to restructure its operations amid ...
New Zealand central bank says financial system remains resilient
NEW Zealand’s central bank said on Tuesday (Nov 5) that the country’s financial system remained resilient amid an economic downturn, ...
SMI Vantage seeks to delist without exit offer, citing ‘difficult financial conditions’
SMI Vantage intends to hold an extraordinary general meeting for minority shareholders to evaluate and vote on a resolution that ...
New real-time fraud surveillance duty for financial institutions; loss-sharing framework to begin on Dec 16
Rules require Fi’s and telcos to mitigate phishing scams, sets expectations of payouts for affected victimsFINANCIAL institutions (FIs) will now ...
Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions to roll out real-time surveillance
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the ...
Independent financial adviser deems offer for Dyna-Mac ‘fair and reasonable’
THE takeover offer for oil-and-gas contractor Dyna-Mac at S$0.67 a share has been deemed “fair and reasonable” by the independent ...
UOI profit before tax down 2% to S$22.1 million amid fall in net insurance service and financial results
Its insurance revenue is 14% up to S$79.4 million; other income is 8% higher to S$10.3 million UNITED Overseas Insurance ...
US banks prepare for new era of consumer financial data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a ...
UK watchdog fines Volkswagen financial services unit for unfair customer treatment
The unit used poorly templated, automated communications and took away cars from vulnerable customers without considering other solutionsVOLKSWAGEN’S British financial ...
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