The acquisition «would not substantially lessen competition,» the Australian Competition and Consumer Commission (ACCC) said on Thursday.
The banking doyen is flexing rhetorical muscle by alienating a key blue-chip client and displaying irreverence towards the Chinese ruling party.
An increasing number of global banks are expressing caution with regards to investing in China, including Credit Suisse which expects the ongoing crackdown to continue and dented market sentiments to prolong.
The new CIO will be replacing Matthew Beesley, who will be leaving Artemis at the end of this year for the same role at Jupiter.
The Monetary Authority of Singapore said it will «consider appropriate supervisory actions» on DBS, which suffered recurring disruptions to its online banking services, including its payments app.
J.P. Morgan chief executive Jamie Dimon issued a statement of apology soon after publicly saying that the American bank would outlast the Chinese Communist Party.
The general insurance industry in Singapore is expected to grow at a compound annual growth rate (CAGR) of 5 percent from S$4.4 billion ($3.2 billion) in 2020 to S$5.6 billion in 2025, in terms of gross written premium (GWP).
DBS faced two consecutive days of disruptions to its online banking services, marking the worst outage for the Singapore lender since its ATM glitch in 2010.
Chinese regulators extend their antitrust crackdown to the banking sector with a fine against shareholders of a virtual lender.
He relocates to Singapore from Sydney, where he spent four years as a senior manager, solution architecture, at Amazon Web Services (AWS).
The Swiss bank is tasking veterans with all but one of its key units, finews.asia has learned. A look at the ultimate Credit Suisse survivor underpinning António Horta-Osório’s revamp.
Tesla’s Elon Musk and Binance’s Changpeng Zhao engaged in a mini media battle after the electric vehicle chief questioned the crypto giant’s recent Dogecoin issues.
The wealth management arm of Crédit Agricole Group is adding a 25-year veteran as a senior relationship manager to its Singapore branch.
The platform currently trades in the digital assets space under MAS exemption, offering DeFi, NFTs, and cryptocurrencies to high net worth investors and institutions.
J.P. Morgan is celebrating its 100th anniversary in China – the same age as the nation’s Communist Party – and chief executive Jamie Dimon is betting that the former lasts longer than the latter.
Only a fraction of the world’s largest asset owners have made accredited net-zero commitments, according to a recent Willis Towers Watson study, signaling more headwinds ahead for the growth of green finance.
Talent hired to work on Citi's crypto division will be based in Singapore, in addition to London, New York, and Tel Aviv.
The Australian Securities and Investments Commission cautioned investors about cryptocurrency risks, noting that they are «on their own» for the time being as efforts are underway to develop regulations.
Core to his role will be establishing deep partnerships with JLL country teams alongside regional capital markets professionals to service the evolving needs of clients.
Despite all the rage about sustainable finance, numerous obstacles remain for the green dream to come true including greater participation from Asia.
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