Banks
Singapore police partners banks to prevent S$73 million in potential scam losses
MORE than 1,444 scam cases were thwarted through a joint operation by the Singapore Police Force’s (SPF) Anti-Scam Centre and six banks, preventing losses of around S$73 million. The...
Singapore police partner banks to prevent S$73 million in potential scam losses
Two-month operation relies on robotic process automation technology to detect possible victims, enabling authorities to reach out to them quickly MORE than 1,444 scam cases were thwarted through a...
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index (STI) expanded 1.5 per cent or 58.81...
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to reignite the city’s ailing economy.Banks in the...
UBS targets Japan’s regional banks with senior sales hires
UBS Group hired three salesmen in Japan to boost its business selling high-yielding structured investments and other tailored derivative products to local financial firms, as activity heats up in...
Singapore banks to still benefit from higher rates, AUM deployment in 2025
SINGAPORE banks will likely post earnings growth in 2025, led by higher-for-longer rates and a strong wealth management business, analysts said.
While the growth may be slower than previous years’,...
Banks want in on Tether’s billions in stablecoin profits
UNTIL recently, banks watched from the sidelines with envy as stablecoin market leader Tether Holdings boasted of billions in profits. Now they want in.Earlier this year, Societe Generale –...
ECB plans to clamp down on banks ignoring its demands for fixes
THE European Central Bank (ECB) is set to crack down on lenders that are slow to deal with fixes the supervisor demands of them, after growing frustrated with a...
