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HSBC Holdings efforts to scale up its retail and wealth management business in China got a major boost with the U.K.-based company receiving permission to start a credit card business in China’s $1 trillion market. The approval from the Chinese authorities…
After pursuing “every possible option,” global auto giant Ford Motor Co. has said decided to close down all operations in Japan and Indonesia by the end of this year. “It has become clear that there is no path to sustained profitability, nor will there be an…
The woes besetting British lender Standard Chartered over the past three years have left their mark on Singapore. As one of the bank’s regional hubs with operations spanning commercial, retail and private banking and wealth management, Singapore has had to…
