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Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim

Claims involve alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah’s bags and jewellery
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Indian central bank likely intervenes to prop up rupee before local market open, traders say

The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders...
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Scammed while travelling? OCBC rolls out free in-app calls for all customers

Bank says business and retail customers currently make over 8,000 calls to the bank each month while overseas
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Macquarie Asset Management offers US$7.5 billion for logistics firm Qube

The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail transport services
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JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor’s hack: report

SitusAMC sys the affected data included corporate information tied to some clients’ dealings with the company
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Banks get US$2.6 trillion from deregulation, Jefferies says

Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according...
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Thai central bank sees room for rate cut, wants a weaker baht

THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to ease monetary...
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BofA Tower gets Chicago’s biggest mortgage bond deal since Covid

A mortgage loan for Chicago’s Bank of America (BOA) Tower is being refinanced with US$700 million in bonds, a rare...
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HSBC’s Swiss private bank boosts some bankers pay to stem exits

The Swiss arm has been increasing compensation of staff, including relationship managers
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Deutsche Bank’s DWS cuts Asia private credit team in shift: sources

Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore
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