BEIJING (BLOOMBERG) – Goldman Sachs Group led US banks plowing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its US$50 trillion (S$67.3 trillion) financial market. The bank’s “cross currency
HONG KONG (BLOOMBERG) – Hong Kong’s bankers are working around the clock as the region’s companies rush to go public. Initial public offerings in the city have already hit almost US$11 billion (S$14.8billion), a close to 500 per cent jump
South-east Asia’s largest bank DBS will launch a digital currency exchange that will allow investors to trade in cryptocurrencies and firms to raise funds through asset tokenisation. The crypto exchange is expected to start trading as early as next week,
LONDON (REUTERS) – A group of 30 asset managers with more than US$9 trillion (S$12 trillion) under management launched the Net Zero Asset Managers Initiative on Friday (Dec 11) to help clients ensure their portfolios are carbon neutral by 2050.
NEW YORK (BLOOMBERG) – JPMorgan Chase & Co admitted wrongdoing and agreed to pay more than US$920 million (S$1.26 billion) to resolve US authorities’ claims of market manipulation involving two of the bank’s trading desks, the largest sanction ever tied
FRANKFURT (REUTERS, BLOOMBERG) – German payments company Wirecard lashed out against unidentified fraudsters on Friday after 1.9 billion euros (S$3 billion) went missing from its accounts, sending its shares into a tailspin and putting a question mark over the company’s
SINGAPORE – Bank lending inched down in March from the previous month amid the coronavirus outbreak, as a drop in consumer loans offset a rise in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday (April 30).