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Prudential sets up financial advisory firm offering wealth solutions, general insurance

PRUDENTIAL Singapore on Monday (Jan 16) said it will be setting up a financial advisory firm to offer a wider range of products and services to its customers.

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China’s central bank injects fresh funds through medium-term loans, rate unchanged

CHINA’S central bank stepped up liquidity injections on Monday (Jan 16), offering more loans to some banks through its medium-term lending facility — a move that comes ahead of the Lunar New Year when companies and households typically seek more funds.

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Fomo stirs again in Bitcoin’s best start since before pandemic

BITCOIN has bolted out of January’s starting gates with a climb of more than 28 per cent, turning up the heat on bears who anticipated more challenges for riskier investments after sharp selloffs in 2022.

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Citi appoints new Singapore country officer

CITI on Monday (Jan 16) announced the appointment of Tibor Pandi as its new Singapore Citi country officer, effective from Feb 1.

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Banks need to start managing nature-related risks: WWF-Singapore

WHILE Asia-Pacific banks generally recognise nature-related risks among their clients, the management of these risks have not been integrated into their policies and processes, according to a report by non-profit group World Wide Fund (WWF)-Singapore.

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Big banks set aside billions as they brace for a downturn

AMERICA’S biggest banks issued warnings Friday (Jan 13) of economic malaise on the horizon, even as some reported better-than-expected profits.

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Citigroup’s profit falls on provision hike, dealmaking slowdown

CITIGROUP reported a decline in fourth-quarter profit on Friday (Jan 13) as it hiked provisions to prepare for a worsening economy, and investment-banking revenue fell on a sharp drop in dealmaking activity.

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India lets banks use face recognition, iris scan for some transactions: sources

THE Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, three sources said. The move is intended to reduce fraud and tax evasion.

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Global equity funds bag inflow for first week in 10

GLOBAL equity funds drew their first weekly inflow in 10 weeks in the week to Wednesday (Jan 11), on hopes of easing inflation and expectations that China’s reopening would boost global economies.

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Global equity funds bag first weekly inflow in 10 weeks

GLOBAL equity funds drew their first weekly inflow in 10 weeks in the week to Wednesday (Jan 11), on hopes of easing inflation and expectations that China’s reopening would boost global economies.

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