Latest News for: Singapore private banking

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Here’s Why CBDCs Could Outshine BTC, Ethereum, and Other Private Cryptos

CoinGape 28 Nov 2023
In a significant revelation, Singapore’s central bank chief, Ravi Menon, asserted that private cryptocurrencies failing the fundamental tests of financial services are destined to exit the monetary stage ... central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins.
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Tokenization and real-world assets (RWA) take center stage | CoinDesk JAPAN

OBN 27 Nov 2023
Citi offers digital corporate bonds to private banking and wealth management clients in Southeast Asia through BondbloX in Singapore ... As financial giants like JPMorgan and Goldman Sachs continue to develop a range of digital financial products, the private banking, wealth and ...
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DBS seeks private credit foothold by originating deals

The Gulf Time 26 Nov 2023
Given the very different risk profile of depositors and private credit investors, “the bank can come in at a more senior level ... DBS invested $200 million with Muzinich & Co’s first Asia private credit fund earlier this year, and Lee said that will allow the Singapore-based bank to tap into the sector via a fund managed by a professional.
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Direct foreign listing will have no-go areas too

Live Mint 19 Nov 2023
While offering relief to certain non-resident investors from the dreaded angel tax in May, the government specifically kept out private and non-banking entities from Singapore, Mauritius and the Netherlands, even though these are among India’s top foreign direct investment (FDI) ...
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Mastercard Highlights Difficulty in Wide Adoption of CBDCs

CryptoPotato 17 Nov 2023
He also acknowledged the time and effort required to build the necessary infrastructure for CBDCs, noting the collaborative efforts between central banks and private companies like Mastercard ... Singapore’s central bank recently announced plans to pilot wholesale CBDCs from 2024.
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Married techie held for raping bank manager under pretext of marriage

Indian Express 15 Nov 2023
Police have arrested a 40-year-old sales specialist of a multi-national cyber security company, for allegedly befriending the deputy manager of a private bank on a matrimonial site, and sexually exploiting her on multiple occasions in Mumbai, Lonavla and Singapore, after promising marriage ... .
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Married techie arrested for raping bank manager on marriage promise, say police

Indian Express 15 Nov 2023
A 40-year-old sales specialist of a multi-national cyber security company was arrested on November 11 for allegedly befriending the deputy manager of a private bank on a matrimonial site and sexually exploiting her on multiple occasions in Mumbai, Lonavla and Singapore, after promising to marry her, police said ... .
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OCBC Cycle Fun Space at Singapore Festival 2023 on 18-19 November

Vietnam News 14 Nov 2023
OCBC is the longest established Singapore bank, formed ... OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals.
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Standard Chartered appoints new heads for regional businesses

Reuters 20 Oct 2023
Gandhi has led robust growth of the bank's private banking business in Singapore over ... Additionally, veteran banker Foo Tian Ong will join Standard Chartered in December as the bank's regional head of Southeast Asia, and Singapore head for the private banking business.
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OCBC Announces Key Leadership Changes as its Asean-Greater China Strategic Thrust Intensifies

Vietnam News 18 Oct 2023
OCBC is the longest established Singapore bank, formed ... OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals.
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NAJIB RECEIVES RM2.08 BILLION IN ILLICIT FUNDS FROM TANORE

Malaysian National News Agency 12 Oct 2023
The 48th prosecution witness said that based on the results of his investigation, the account held by Tanore, which is registered in Singapore, was opened at Falcon Private Bank on Nov 2, 2012, and the authorised ...
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Singapore banks sharpen scrutiny after money laundering scandal

Business Day 09 Oct 2023
SingaporeBanks in Singapore are ... One source, a wealth manager with a Singapore bank, said after the scandal that only “high-quality clients with good profiles and substantial assets under management” could expect to get a private banking account opened within three months.
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Citigroup confirms sale of China-wealth unit to HSBC

Market Watch 09 Oct 2023
Citi C, +1.73% will keep its institutional banking business in China, with about 300 established companies and additional startups. It will also serve ultra-high-net-worth clients in China through its regional wealth hubs in Hong Kong and Singapore through its Citi Private Bank and International Private Bank units ... personal banking.
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