GXS Bank has received a S$229.5 million capital injection from backers Singtel and Grab, according to regulatory filings with the Accounting and Corporate Regulatory Authority of Singapore.
THE era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” campaign.
BLACKROCK is expanding further into private-markets investing, striking a new partnership to include the assets alongside traditional exchange-traded funds and mutual funds in model portfolios pitched to wealthy US retail clients.
THE Australian dollar fell back against a strong US dollar on Thursday but held at 17-year highs on the battered yen, while domestic bonds were hammered by risks of a rate hike this year.
JEFFERIES Financial Group’s earnings climbed as investment-banking revenue surged and debt underwriting more than doubled, adding to signs of brightening prospects for the biggest US banks.
ALL 31 big US banks have passed the Federal Reserve’s annual “stress test” designed to assess how well they would fare in a major financial crisis, the US central bank said on Wednesday but warned that losses would be higher than last year.
CHANGE occurred at the apex of Singapore’s financial sector when Chia Der Jiun succeeded Ravi Menon as the managing director of the Monetary Authority of Singapore (MAS) early this year.
HASHED Ventures is the latest digital-asset company to expand its footprint in Abu Dhabi, where an advantageous regulatory environment has made it one of the hottest global crypto hubs.
SWITZERLAND said it will keep to its schedule for implementing global bank capital rules despite continued wrangling over the standards in the United States, potentially putting its largest lender UBS Group at a competitive disadvantage.
NOMURA Holdings gave Christopher Willcox the highest ever pay for an executive officer at Japan’s biggest brokerage after the company returned to profit growth.
