DBS has appointed Calvin Ong as its new Singapore consumer banking head. He will succeed Jeremy Soo who will retire at the end of the year, the lender said on Friday (Sep 6).
JPMORGAN has appointed Kam Shing Kwang as its new Hong Kong CEO, succeeding Harshika Patel as she completes her term, an internal memo reviewed by Reuters on Friday shows.
UOB on Friday (Sep 6) said it priced £750 million (S$1.3 billion) of floating rate covered bonds due 2027, under the bank’s US$15 billion global covered bond programme. The bonds are expected to be issued on Sep 13.
UOB on Friday (Sep 6) said it priced £750 million (S$1.3 billion) of floating rate covered bonds due 2027, under the bank’s US$15 billion global covered bond programme.
FUND finance 2.0 could get a boost from an expected cut in the United States’ federal funds rate next week, but market players also noted that South-east Asia’s lenders are only just getting familiar with the more complex forms of private equity (PE) leverage.
FUND finance 2.0 could get a boost from an expected cut in the United States’ federal funds rate next week, but market players also noted that South-east Asia’s lenders are only just getting familiar with the more complex forms of private equity (PE) leverage.
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on the prior quarter, the Federal Deposit Insurance Corporation (Fdic) reported on Thursday (Sep 5).
THE US banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation (FDIC) on Thursday (Sep 5) identified several lingering areas of concern including commercial real estate and credit cards.
COMMERCIAL insurance premiums may not yet be turning lower despite years of increases, Lloyd’s of London chairman Bruce Carnegie-Brown told Reuters, as the market reported a 26 per cent jump in first-half pre-tax profit on Thursday (Sep 5).
