Goldman, Citi lead US banks plowing billions into China

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 bankers work around the clock as IPOs, Spacs surge

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

DBS to launch digital exchange; crypto trading may start next week

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,

Singapore bank lending dips 0.1% in March from February

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).