OCBC group chief executive officer (CEO) Helen Wong’s salary reported on Friday (Mar 31) reached S$11.2 million, behind the annual salary DBS and UOB paid to their respective CEOs.
THE World Bank on Thursday (Mar 30) submitted a long-awaited reform plan that would boost annual lending to middle-income countries to fight climate change and other global crises by about US$5 billion annually while protecting the bank’s top-tier credit rating.
INDICTED FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday (Mar 30) to new US charges of conspiring to violate campaign finance laws and bribe Chinese authorities.
TREASURY Secretary Janet Yellen warned that deregulatory efforts that watered down some post-2008 financial reforms might have gone too far and contributed to the recent banking crisis.
CHINA’S Big Five lenders posted above 3.5 per cent annual net profit growth this week, but warned that the foundations of the country’s recovery were “not yet solid”.
THE derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps (CDS) amid concerns about the role they have played in the recent bout of global banking turmoil.
INDUSTRIAL and Commercial Bank of China (ICBC), the world’s largest-listed lender by assets, reported a 1.9 per cent fall in fourth-quarter net profit on Thursday (Mar 30).
STRONGER Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are whipped around by banking turmoil.
ON Wednesday (Mar 29), DBS’ digital banking services were disrupted for the entire business day. The glitch affected its Digibank and PayLah mobile apps, its website and its mobile trading services.
ON Wednesday (Mar 29), DBS’ digital banking services were disrupted for the entire business day. The glitch affected its Digibank and PayLah mobile apps, its website and its mobile trading services.
