4+ day, 19+ hour ago   (158+ words) DBS said that it sees no provisions needed at this point in time. DBS said that it “categorically rejects” an estimated $1.03b (S$1.298b) claim related to the 1Malaysia Development Board (1MDB). “DBS has consulted its legal advisers, and categorically rejects and will vigorously…...

4+ day, 22+ hour ago   (168+ words) Tighter liquidity conditions and a high base effect from Agrinas should temper growth. Indonesian banks’ loan growth remained solid in July 2026 and is still estimated to fall between 8% to 10% sector-wide for the whole year, according to estimates by Maybank Investment…...

6+ day, 16+ hour ago   (314+ words) Three state lenders will receive a combined $43.21b (CNY290b) in capital injections. China’s finance ministry is injecting a combined $54b into state-owned insurers and banks, according to Reuters, based on a report by Xinhua and separate company statements. Three state lenders announced on…...

1+ week, 18+ hour ago   (198+ words) The bank said that it strengthens its ability to service UHNW clients and family offices. Barclays is launching a private bank booking centre in Singapore. Clients can access banking, lending, investments and wealth planning services through the centre. Barclays expects…...

1+ week, 5+ day ago   (298+ words) Singapore’s latest asset management incentives will be tested by whether they attract substantive investment activity rather than simply improve the tax position of fund managers. Amy Ang, Head of Tax at Ernst & Young Solutions LLP, said tax incentives remain an…...

2+ week, 14+ hour ago   (709+ words) Singapore’s Financial Action Task Force (FATF) mutual evaluation published earlier this year has delivered the strongest result in the nation’s history. Upgraded to the form Enhanced Follow-up to Regular Follow-up, in FATFs framework and assessed as substantially effective across seven…...

2+ week, 5+ day ago   (317+ words) Deloitte says deeper domestic investment markets are needed to channel Asia’s growing savings into businesses and future growth. Asia Pacific’s financial services sector could reach US$4.8t by 2035, but its reliance on bank balance-sheet lending could limit how effectively regional capital…...

2+ week, 5+ day ago   (300+ words) The bank announced three new desk heads and a Global India franchise lead. HSBC Private Bank has announced new senior leadership appointments for its India, Singapore, and China businesses. Vivek Pandohi has been appointed to lead the Global India franchise…...

2+ week, 5+ day ago   (250+ words) The bank is gearing up for stronger private banking growth by 2030. United Overseas Bank Ltd. Hong Kong Branch (UOB Hong Kong) is tying its wholesale, private banking, treasury, investment banking, and advisory services together as it targets companies expanding into…...

2+ week, 6+ day ago   (210+ words) Former GXS Bank CEO Charles Wong joins three-member advisory panel. UK-founded fintech Revolut has appointed banking and government veterans to its Singapore Advisory Board to support its local leadership on governance, regulatory engagement, business strategy, and sustainable growth. The board…...