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UBS Group is bringing back Sergio Ermotti as chief executive officer to oversee the complicated acquisition of Credit Suisse Group, replacing Ralph Hamers after a tenure that lasted just over two years.

THE latest Singapore Savings Bond (SSBs) allotted on Wednesday (Mar 29) experienced a rise in applications and exceeded the amount on offer, after months of falling demand due to declining yields.

DAI-ICHI Life Holdings, one of Japan’s largest institutional investors, is shifting more money to domestic bonds from Treasury and other foreign securities, after aggressive interest rate increases by the Federal Reserve made it costly to hedge against currency risks.

BARCLAYS (CEO) chief executive officer CS Venkatakrishnan said the shift to a low-carbon economy is one of today’s “defining issues”.

JEFFERIES Financial Group’s profit plunged in its fiscal first quarter, as a bump in equities and fixed-income trading failed to offset a slump in investment banking.

DBS digibank and PayLah services appear to be down on Wednesday (Mar 29) morning.

THE outage of DBS digibank and PayLah services from mid-morning on Wednesday (Mar 29) was fixed as at 5.45 pm, the bank said in a statement at 7.30 pm.

THE Monetary Authority of Singapore (MAS) said DBS’ 12 hour-long disruption to its digital services on Wednesday (Mar 29), coming just after a year following a similar incident in November 2021, is unacceptable, adding that it will take “commensurate supervisory actions” against the bank after gathering the facts.

THE Monetary Authority of Singapore (MAS) said DBS’ day-long disruption to its digital services on Wednesday (Mar 29), coming just after a year following a similar incident in November 2021, is unacceptable. The authority added that it will take “commensurate supervisory actions” against the bank after gathering the facts....

A TOP US regulator’s case against Binance Holdings is mushrooming well beyond Changpeng Zhao’s company and rattling American firms that officials say worked with the exchange to trade crypto.