BENGALURU (REUTERS, BLOOMBERG) – Barclays is being probed by the United Kingdom’s privacy watchdog, the Information Commissioner’s Office (ICO), over allegations that the British bank…
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Joint fintech-innovation festival in Dec to feature digital and physical events
A global festival for professionals in the fintech and deeptech industries will return to Singapore in December this year, in a format that will allow…
Spain's Santander books record 11.1 billion-euro quarterly loss on Covid-19 writedowns
MADRID (BLOOMBERG, REUTERS) – Spain’s Banco Santander took a 12.6 billion euro (S$20.36 billion) impairment charge from the Covid-19 pandemic, the biggest blow yet to…
Credit Suisse to merge investment bank and trading in major revamp: Sources
ZURICH (BLOOMBERG) – Credit Suisse Group is set to announce a sweeping overhaul of its business as chief executive officer Thomas Gottstein seeks to tighten…
CIMB, Natixis claim fabrications, fraud in Asian oil-trading scandal
Fabricated documents, suspicious transactions and US$192 million (S$267 million) in the hole. That is the predicament two banks claim they have found themselves in after…
Singapore units of CIMB Bank, Natixis claim fraud, fabrications in Asian oil-trading web
SINGAPORE (BLOOMBERG) – Fabricated documents, suspicious transactions and US$192 million (S$267 million) in the hole. That’s the predicament two banks claim they’ve found themselves in…