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Samsung is reportedly preparing to launch a Samsung-branded credit card in the United States, in a strategic collaboration with Barclays that will capitalize on Visa’s extensive global payment network. Samsung Eyes U.S. Financial Sphere Samsung is reportedly…
OCBC, the Singapore-based banking corporation, has reported that its profits remained stable in the third quarter of 2025. The bank’s net earnings for the period matched the previous year’s figures, standing at approximately S$2 billion ($1.5 billion). Income…
As the Malaysian payments market surpasses the $90 billion mark, a significant challenge confronts traditional banking institutions – the urgent need to modernize to keep up with the rapid digital transformation and evolving consumer demands. The question…
Tokyo is spurring efforts to establish itself as a leading hub for financial technology (fintech), capitalizing on the exponential growth of digital finance in Asia. The city’s fintech market is predicted to hit an impressive $30.2 billion by 2033, growing at…
Following a prosperous third quarter, Standard Chartered Bank, noted for its focus on emerging markets, has reported a rise in profits. The bank now anticipates meeting its return on tangible equity (RoTE) goal ahead of its original schedule by one year.…
The Swiss Federal Administrative Court’s partial ruling on October 13, 2025, sparked controversy over the legal legitimacy of deeming Credit Suisse’s AT1 bonds valueless. This occurred subsequent to an appeal lodged by Swiss financial regulator, Finma. Now,…
UBS, a Swiss multinational investment bank and financial services company, has signaled its plans to significantly expand its footprint in the United States’ financial market. This move demonstrates UBS’s dedication to deepening its presence across the…
Swiss banking powerhouse, UBS, has recently disclosed several alterations to its executive board, including new appointments for the roles of compliance and operations. The reshuffling of the executive board comes after the proposal of Markus Ronner, the…
HSBC, a London-based financial institution, is set to acknowledge a significant provision following a court ruling in Luxembourg, in relation to an ongoing lawsuit tied to the infamous Bernard Madoff scandal. The Madoff Scandal Impact HSBC is expected to make…
Chelsea Chu, a veteran banking executive, has been appointed to head the corporate banking division of the American financial institution, Citi, in Taiwan. Based out of Taipei, Chu is expected to leverage her considerable experience in banking to enhance the…
UBS, a major global bank, has recently found itself facing penalties from Hong Kong’s Securities and Futures Commission (SFC). The bank has been fined HK$8 million ($1 million) due to misclassification of its clients under the professional investor regime,…
UBS, the Switzerland-based banking institution, continues to broaden its reach in the United Arab Emirates (UAE) with a newly inaugurated advisory office in Abu Dhabi. This establishment is an extension of UBS AG and will deliver direct consultation services…
Trust Bank is stepping into a new territory with the introduction of a trading platform for US stocks and exchange-traded funds (ETFs). This development makes Trust Bank the first in Singapore to offer fractional trading, thus offering everyday investors an…
Standard Chartered, the British banking heavyweight, is investing heavily in an initiative aimed at fostering a skills-based approach within the organisation. This multi-million-dollar venture is focused on generative AI and data literacy, intending to ensure…
Vivien Chiu, the Chief Operating Officer of Hang Seng Bank, has recently acquired a deluxe apartment in Hong Kong for HK$40 million, equivalent to around US$5.14 million. The cost per square foot of the 1,651 square-foot property amounted to HK$24,228, or…
Spot gold prices surged by 0.7%, reaching $4,011.18 per ounce, while December gold futures also climbed 0.7% to $4,033.40 per ounce, highlighting the enduring appeal of the precious metal amidst ongoing global uncertainties. Gold’s Resilient Rise Amidst…
