The international audit, tax and advisory firm, has appointed a new audit partner in Singapore to lead the audit and assurance services for the financial services sector.
Despite growing reluctance to invest in China in the midst of a wholesale crackdown, DBS believes that the view is unwarranted due to similar historical examples of turbulence and unchanged fundamentals.
The bank said it would invest up to $500 million in digital innovation initiatives to reach its goal of serving more than 7 million customers in Asean.
State Street Global Advisors has expanded its exchange-traded fund unit in the region with four new appointments.
Six bankers were indicted by the U.S. in an alleged scheme to hide more than $60 million from tax authorities via opaque conduits to new, secret accounts at the private bank.
The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020.
An American crypto promoter and ex-hacker has pleaded guilty in a New York court to advising North Korea on ways to evade sanctions via virtual money.
The Singapore Exchange (SGX) and Temasek digital asset joint venture is building out an end-to-end DLT-enabled fixed income infrastructure.
The Swiss bank's new chairman is demonstratively propping up CEO Thomas Gottstein, but sending a message the embattled lender can do without right now, finews.asia finds.
The Singapore-based neobank has raised a $158 million led by renown VCs and fintech founders.
Bond markets in Asia are more resilient now than in the past, according to TD Securities, with expectations for the containment of the Evergrande crisis and strong positioning in the face of upcoming Fed tightening.
Chinese developer seems to miss a bond payment - although only those with the actual coupons are in the know.
She brings multi-market experience across emerging and mature regions from two decades at Gen Re.
Binance announced a new round of curbs for its Singapore business, restricting crypto trading for users in the city-state.
China is ramping up its cryptocurrency prohibition efforts again with a directive issued by ten institutions last Friday covering a range of activities including offshore transactions and hiring.
DBS group chief executive Piyush Gupta underlined that the bank had no exposure to the China Evergrande, emphasizing that a lot of exposure remains domestic.
Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for «policy assistance».
Huawei’s chief financial officer Meng Wanzhou has been released by Canadian courts and flew home to China last week after reaching an agreement with U.S. prosecutors to end their bank fraud case against her.
The majority of consumers in Asia Pacific are open to switching from traditional lenders to branchless, virtual direct banks, according to a recent survey by Mckinsey & Company.
The Swiss bank's chairman and CEO granted a joint interview, in a bid to demonstrate unity and quell rumors of discord.
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