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Singapore has secured the top spot globally in crypto adoption this year, thanks to high scores in technology and regulatory environment, according to a recent study. The country scores 9.5 over 10 in innovation and technology, 9.1 in economic factors, and…
The U.S. dollar rose against the Vietnamese dong on the black market Friday afternoon. Unofficial exchange points sold the greenback at VND25,750, up 0.53% from Thursday. The State Bank of Vietnam kept its rate unchanged at VND24,246. The dollar has risen…
The U.S. dollar fell against the Vietnamese dong on the black market Tuesday morning. Unofficial exchange points sold the greenback at VND25,690, down 0.35% from Wednesday. Vietcombank kept its rate unchanged at VND25,457. The State Bank of Vietnam’s…
The Federal Department of Finance (EFD) fined UBS for failing to report suspected money laundering. The long-standing cases all revolve around the former president of Yemen. The number of unreported cases to the Financial Department is alarmingly high.…
In late February, Google announced that the Google Pay app was shutting down in the US. The company wants people to transition to Google Wallet, which offers many of Google Pay’s features, including paying at online checkouts and in stores. Google Pay will…
Google Wallet is receiving a set of small quality of life updates designed to enhance the user experience and make it your go-to digital home for essential passes, tickets, and more. The updates include tighter integration with Gmail to eliminate the extra…
Some social media users are complaining that they are unable to use contactless payment system Apple Pay to ring up a transaction using a Chase credit card. On Apple’s System Status page, it notes that Apple Pay is undergoing some maintenance at the moment…
Global Finance magazine has given Nguyen Thi Hong, Vietnam’s first female central bank governor, an A+ on its 2023 Central Banker Report Cards. Hong, 55, is one of only three central bank governors in the world that was rated A+ by the U.S.-based magazine.…
The bank engaged in an extensive review after being one of the banks affected by a Russian ransomware attack early in the year. The first casualty? Going digital. It is a small section in UBS’s full second-quarter report, but a telling one. Buried on page 41…
Vietnam’s benchmark VN-Index rose 0.15% to 1,179.76 points Monday. The index closed 1.77 points higher after losing 55.49 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 38.49% to VND22.17 trillion ($930.73 million). CTG of…
UBS selects EY as its auditor for the expanded bank following its takeover of Credit Suisse in March. PwC will audit Credit Suisse’s books for 2023. EY will have lots more work to do at UBS starting next year, having been retained to audit the merged entity…
HSBC’s Swiss private banking unit is hiring a whole range of new staff from major banks and Geneva-based competitors like Lombard Odier. HSBC Private Bank (Switzerland) has been busy recruiting and strengthening its offshore business from Switzerland in the…
Thai Son Investment Solutions Jsc has been fined VND870 million (US$37,100) for selling and buying back a stock in October last year without disclosing the information. The State Securities Commission of Vietnam announced the fine recently and prohibited the…
Techcombank has set a CASA (current account savings account) target of 55% by 2025 by investing in digitalization and increasing lending to retail customers and SMEs. At its recent annual general meeting, CEO Jens Lottner said he was optimistic about the…
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the U.S. Federal Reserve will soon end its aggressive monetary tightening campaign. Bitcoin peaked…
More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new…
