SINGAPORE – Shanghai Pudong Development Bank (SPD Bank) has opened its first overseas innovation centre here, making Singapore its fintech beachhead to South-east Asia. “The…
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Don't respond to anonymous ads, says MAS
If online advertisers want your personal details but choose not to disclose their own, steer clear. After all, the crooks behind many phishing scams usually…
DBS to roll out more personalised services, improved rewards system on PayLah! app
SINGAPORE – Buy tickets for a movie at VivoCity using your mobile wallet and then get discounts on your private-hire ride to the mall and…
Commodity-finance industry in Singapore gets code of best practices
SINGAPORE (THE BUSINESS TIMES) – A set of best practices for commodity financing was rolled out on Monday, the first such code for the industry…
Financial services expected to create 1,800 new jobs and 2,000 traineeships by June 2021: MAS
SINGAPORE – Financial institutions aim to have created 1,800 new jobs and 2,000 traineeships by June next year, a survey has noted. Around 880 of…
Mizuho to cut Singapore office space in workplace revamp: Sources
SINGAPORE (BLOOMBERG)- Mizuho Financial Group is set to trim its Singapore office space as the Japanese bank looks to revamp the workplace in global financial centres…
Discount broker Charles Schwab to cut about 1,000 jobs
NEW YORK (REUTERS) – Charles Schwab Corp said on Monday (Oct 26) it is laying off about 1,000 positions in the combined workforce of Charles…
Australia's Westpac to consolidate overseas operations into Singapore, London and New York
BENGALURU (REUTERS) – Australia’s Westpac Banking Corp said on Wednesday (Oct 14) it will exit operations in China and some other Asian markets to focus…
Some firms welcome MAS' extended credit relief, others wary of downsides
Firms that have taken a hit during the coronavirus pandemic have welcomed the Monetary Authority of Singapore’s (MAS) extended credit relief measures, especially as business…
JPMorgan fined $1.26 billion for manipulating precious metals, treasury market
NEW YORK (BLOOMBERG) – JPMorgan Chase & Co admitted wrongdoing and agreed to pay more than US$920 million (S$1.26 billion) to resolve US authorities’ claims…