The platform builds on the successful issuance of Asia’s first securitization of project finance and infrastructure loans through Bayfront Infrastructure Capital, launched in Singapore in 2018.
A direct cyberattack on a bank would cost it 20 to 35 percent of quarterly profits, even when contingency measures are in place, the latest stress test by the Monetary Authority of Singapore (MAS) showed.
The Monetary Authority of Singapore issued a response to a letter backing financial institutions’ due diligence activities on its employees’ indebtedness in order to assure they are «fit and proper».
The index provider completed its final rebalance for 2019 on Tuesday.
Jane Fraser is landing a $12.5 million bonus as the bank looks to retain a likely successor to Chief Executive Officer Michael Corbat.
Thew new variable rates will be more competitive, which will benefit both borrowers and lenders, SGX said.
Lloyds Banking Group is following in the footsteps of its peers in cutting its chief executive's pension allowance, after months of political and investor pressure on banks that award top bosses better perks than the rest of their employees.
WeLab chairman Chan Ka-keung called out the Hong Kong government for its lack of boldness and underscored the crucial need for the city to become a fintech hub lest it wishes to have no relevance in finance.
A UBS trader's picks of junk bonds issued by Chinese companies are turning out to be lucrative, as high-yield dollar bond issuances by Chinese firms climb to records.
Weeks after appointing its new chief executive, Hywin International launches its Hong Kong office in a bid to support wealthy Chinese and their global ambitions.
Ant Financial is building a roughly $1 billion investment fund to back start-ups across Southeast Asia and India.
Proxy advisor CGI Glass Lewis has recommended that shareholders vote against director Peter Marriott to step down from the Westpac board, as the aftermath of the child exploiter scandal continues to unravel.
The chief of OCBC’s wealth management business Bahren Shaari and chairman Ching Wei Hong are favorites for the top post at OCBC as CEO Samuel Tsien confirms he prefers an internal candidate as his successor.
Alibaba-backed Ant Financial signed a strategic cooperation agreement with the Postal Savings Bank of China which has the largest state-owned lender branch network.
Derivatives boutique Leonteq has announced several personnel changes in Singapore and Hong Kong, as finews.asia can exclusively reveal.
The AI-backed platform hopes to expand to the U.K. and Hong Kong and has already started testing in those markets.
HSBC Private Bank stayed on course with its hiring plan in Asia, having boosted regional headcount by 300 bankers in one year already.
He will be responsible for the firm's development of new investment management business for the savings, retirement and investment market in Australia and New Zealand.
New World Development has signed a five-year HK$1 billion loan with DBS which includes sustainability-linked conditions leading to interest rate discounts.
The funds will be used to fuel research and development, as well as spur recruitment to drive Tookitaki’s expansion into the U.S. and Europe.
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