MAS Issues Prohibition Orders Against Individuals involved in 1MDB Related Matters

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MAS Issues Prohibition Orders Against Individuals involved in 1MDB Related Matters The Monetary Authority of Singapore (MAS) has issued a 10 year Prohibition Order against...

Former HSBC SVP Pleads Guilty of Cheating $5.2 Million Via Non-Existent Investments

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Former HSBC SVP Pleads Guilty of Cheating $5.2 Million Via Non-Existent Investments A former SVP of HSBC has pleaded guilty on 1st June 2018 for...

Monetary Authority of Singapore Plans Increase of Deposit Insurance from $50,000 to $75,000 in...

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Monetary Authority of Singapore Plans Increase of Deposit Insurance from $50,000 to $75,000 in 2019 The Monetary Authority of Singapore (MAS) has finalised proposed enhancements...

Standard Chartered Regional CEO Steps Down

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Standard Chartered Regional CEO Steps Down Ajay Kanwal will step down from his role as Regional CEO, Asean and South Asia of Standard Chartered with...

Monetary Authority of Singapore Requires Reporting of Large Short Positions and Orders

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Reporting of Large Short Positions and Orders The Monetary Authority of Singapore (MAS) will require investors to report their short positions and short sell orders...

UOB Receives Preliminary Approval to Set Up a Foreign Owned Subsidiary Bank in Vietnam

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UOB Receives Preliminary Approval to Set Up a Foreign Owned Subsidiary Bank in Vietnam UOB became the first Singapore bank to receive a preliminary approval...

MAS Board of Directors Re-appoints DPM Tharman as Chairman

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MAS Board of Directors Re-appoints DPM Tharman as Chairman Monetary Authority of Singapore (MAS) has re-appointed Deputy Prime Minister and Coordinating Minister for Economic and...

OCBC Reports 2016 Figures

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OCBC Reports 2016 Figures  OCBC reported a net profit after tax of S$3.47 billion for the financial year ending 31st December 2016. (“FY16”). Against (“FY15”)...

China Construction Bank Expands Services in Singapore

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China Construction Bank Expands Services in Singapore China Construction Bank has announced the opening of a infrastructure financing services centre and a private banking centre...

Bank of Singapore to Increase Minimum Entry Level for High Net Worth Clients

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Bank of Singapore to Increase Minimum Entry Level for High Net Worth Clients Bank of Singapore intends to hire more relationship managers and focus on...