Banking
Europe: Travel, banking stocks lift shares with data in focus
GAINS in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious ahead of key economic data later this week.The travel and leisure and banking sectors were the...
Value creation in banking ecosystems goes beyond transactional partnerships: DBS’ P’ing Lim
She says she found her purpose in being able to avail financial services to everyoneCREATING value for every player is crucial in building a successful ecosystem, said P’ing Lim,...
5 Benefits of Modernizing Core Banking Systems
With the rapid rise in technology, many financial institutions try to stay ahead in the competitive banking industry by utilizing modern innovations. Core banking systems are essential, as they...
Cordlife reverses into red with S$12.4 million H1 loss, loses accreditation with blood banking body
EMBATTLED cord-blood bank Cordlife Group on Thursday (Aug 15) posted a net loss of S$12.4 million for the six months ended Jun 30, compared to a net profit of...
SocGen sells private banking units in push to slim down bank
SOCIETE Generale (SocGen) has agreed to sell its wealth management units in the United Kingdom and Switzerland to Union Bancaire Privée as chief executive officer Slawomir Krupa makes progress...
Digital bank Revolut secures UK banking licence
BRITISH fintech company Revolut said on Thursday (Jul 25) it had obtained a long-awaited UK banking licence – but must wait to lend money and take deposits as it...
US banks see high deposit costs, investment banking boost
US LENDERS’ second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their...
HSBC will reshape investment banking to look more like rivals
HSBC Holdings is revamping parts of its investment bank in a move that will make it look more like rivals such as Citigroup.Executives in HSBC’s global banking business are...
