Payments, fintech and the money moves powering Asia's retail economy.
His career spans multiple functions and geographies, bringing together data, technology and culture in building Citi’s brand strategy and positioning. After 16 years at Citibank, marketeer Mayank Dutt is joining Mastercard as its head of marketing and…
The bank hopes to encourage more people to stay home and comes in support of stricter social distancing measures implemented by the government to contain the spread of Covid-19. OCBC Bank’s wholly-owned brokerage subsidiary, OCBC Securities, will temporarily…
First-quarter profits plummeted 46 percent at Citigroup due in part to its high exposure to unsecured lending via credit cards. Citi posted $2.52 billion in first-quarter profits and set aside $4.9 billion in anticipation of increasing defaults fuelled by the…
The bank will pay its final dividend of S$0.33 per share on May 26, after approval at the AGM. DBS Bank will hold its annual general meeting (AGM) by electronic means on April 30. As no physical attendees permitted in light of ongoing «circuit breaker»…
As the number of unlinked Covid-19 cases in Singapore continues to climb, ABS is advising customers of the additional measures taken by the banks to reduce the risk of transmission. The Association of Banks in Singapore (ABS) on Tuesday announced that all…
Thailand’s third-largest lender has received preliminary approval to operate in the Southeast Asian nation of 54 million people. SCB will be allowed to open up to 10 branches in the business area with an initial focus on Thai clients with investments in the…
His remuneration comprised a base salary of S$1.24 million, a bonus of $5.84 million, deferred shares worth S$3.89 million, and other benefits worth $102,000, but he donated more than half his base salary to charity. OCBC CEO Samuel Tsien’s pay for 2109 grew…
The monetary policy measures taken by the world’s main central banks in response to the outbreak of the coronavirus has paved the way for higher gold prices. Nevertheless, the precious metals’ business as a whole has come under severe stress recently. The…
The London-headquartered bank’s Australian unit disclosed the potential breaches in a regulatory filing last week. The bank flagged potential money laundering breaches to local watchdog AUSTRAC, adding that «regulators and other bodies may make findings that…
UBS has had a great start to the year 2020 – and yet, under the impression of the coronavirus pandemic, the company plans to curtail bonus payments, if shareholders are forced to take a cut of their dividend. Should UBS not suddenly unearth a negative…
Takashimaya is to sell financial products and services in partnership with an online securities company, SBI Securities. According to Nikkei Asian Review, the department store is targeting its wealthy but aging shoppers. Takashimaya plans to sell a wide range…
Hong Kong’s newly licensed virtual banks will look to delay their launches due to an ongoing coronavirus pandemic. Since the Hong Kong Monetary Authority issued eight virtual bank licenses last year and earmarked February this year for the final launches, the…
The board has also recommended a final dividend of 55 cents and a special dividend of 20 cents per ordinary share. UOB deputy chairman and CEO Wee Ee Cheong received $10.75 million ($7.53 million) in 2019, an increase of 1.8 percent from last year, the bank…
The bank’s partnership with iSTOX will expand private capital markets access for its clients. CIMB Singapore is partnering ICHX Tech to allow its clients in the Asean region to raise funds in a faster, more flexible and efficient way on its blockchain-enabled…
The longstanding veteran resigned after over 11 years with the Singaporean private bank. Marc van de Walle, senior managing director and global head of products with Bank of Singapore resigned earlier this week, a spokesperson for the bank confirmed. “After…
The bank said it expanded its service to new asset classes in response to the increasing demand for reviewing the investment portfolio due to recent market volatility. HSBC’s Wealth Portfolio Intelligence Service (WPIS), offered to its high-net-worth «Jade»…
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