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UBS is set to transform its U.S. entity, UBS Bank USA, into a nationally chartered bank following approval from U.S. regulatory bodies. The announcement was made via LinkedIn by Rob Karofsky, President of UBS Americas. A Significant Milestone for UBS Karofsky…
The Chief Executive Officer of Singapore’s UOB, Wee Ee Cheong, experienced a decrease in his total remuneration in a year that also witnessed a fall in the company’s profit. This comes as per the bank’s annual report, which highlighted his reduced earnings.…
Historically, US equities have demonstrated strong performance following significant conflicts. However, DBS asserts that the current Middle East conflict may not follow this trend, warning investors against complacency in this situation. The Ongoing Conflict…
DBS, a Singaporean financial institution, is expanding its operations in mainland China by acquiring a bond underwriting license. With this license, the bank’s China division is now permitted to function as a principal underwriter for non-financial corporate…
The global financial powerhouse UBS recently launched the 14th iteration of its Southeast Asia summit. The objective of the summit is to foster an exchange of insights and investment ideas for the upcoming year. The newly inaugurated UBS OneASEAN Summit has…
Standard Chartered, a leading UK-based financial institution, has recently announced the appointment of Karby Leggett as the regional head of digital assets. This move comes amidst the swift rise in the acceptance and adoption of digital currencies, tokenized…
Despite a dip in 2025 net profits, the United Overseas Bank (UOB) of Singapore plans to award approximately 6,000 junior staff members with a half-month base salary payout. This one-time payment aims to recognize their hard work and contributions amidst…
HSBC, with headquarters in London, has expressed optimism following its decision to take Hang Seng, a Hong Kong bank, private, with projected cumulative benefits nearing $1 billion. Anticipated Financial Benefits According to the bank’s strategic report, HSBC…
OCBC’s private banking division has appointed Bernard Heng, a seasoned expert in the wealth industry, to bolster its custom solutions for ultra-wealthy clients. Appointment of a New Leader The Bank of Singapore, the private banking arm of OCBC, has announced…
The global finance chief of UK-based banking and financial services corporation, Standard Chartered, has departed to join an American alternative asset management firm. Executive Shifts at Standard Chartered Standard Chartered has announced the appointment of…
BNP Paribas Wealth Management has bolstered its philanthropic operations by unveiling a new donor-advised fund (DAF) platform in Asia. The platform, dubbed the “BNP Paribas Bridge Foundation,” is dedicated to assisting Asian entrepreneurs, affluent…
As the demand for gold continues to escalate, United Overseas Bank (UOB), the sole local banking institution in Singapore that trades in physical gold bars and bullion coins, has announced plans to expand its operating hours and implement an appointment-only…
DBS, a Singapore-based bank, has reported a record pre-tax profit despite the overall net profit experiencing a decrease due to the institution of the new global minimum tax. In the year 2025, DBS reported a 3% decline in net profit, amounting to S$11 billion…
Revolut, the digital banking platform, has unveiled ambitious plans for expansion in the Swiss market. The company’s General Manager for Switzerland, Julian Biegmann, declared that Revolut is “building the future of Swiss banking” and announced an extensive…
Singapore’s OCBC Bank has established a new division that is committed to providing loans against idle securities in customer accounts. Enabling Efficient Use of Idle Securities OCBC Bank has introduced a dedicated securities financing unit that will operate…
The former OCBC investor relations head has taken on a new role as the chief financial officer at the Bank of Singapore. New Appointment Collins Chin has been appointed as the new global chief financial officer at the Bank of Singapore, taking effect…
