Business
Dasin Retail Trust suspends trading amid financial reporting challenges
Trading in the units of Dasin Retail Trust has been suspended on the Singapore Exchange. This comes as the business trust is unable to…
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Financial
Business
Independent financial advisers gain ground as demand for holistic service grows
The life insurance market in Singapore has long been dominated by tied representatives from insurers and bank-affiliated advisers. But in…
Business
Trump’s World Liberty Financial crypto tokens approved for trading
Holders of the digital tokens issued by World Liberty Financial, one of the crypto ventures of the family of Donald Trump, voted on…
Business
Companies look to AI to enable financial resilience amid global volatility: DBS survey
Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI)…
Business
UK fines Barclays US$56 million for lapses in financial crime control
It failed to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek Britain’s financial…
Business
Aims Financial Group raises stake in Aims Apac Reit to 18.7%
The units were acquired from substantial unitholder, ESR HK Management, which is part of ESR Group Aims Financial Group raised its stake…
Business
SGX securities turnover up 23% in June, bringing financial year’s gain to 28%
The operator of the local stock market reported gains in the trading value and volumes of its key products in June, which contributed to…
Business
Financial sector taps polytechnic talent with new pathways, 300 roles in pipeline
Ten financial institutions (FIs) are partnering the Institute of Banking and Finance (IBF) to roll out some 300 internship and traineeship…
Business
Growth of SME financial services hampered by banks’ restrictions on data: report
Local banks’ restrictions on small and medium-sized enterprises’ (SME) access to their customers’ financial data are hampering API access…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
Business
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by over 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Business
YZJ Financial incorporates YZJ Maritime Development as subsidiary at issued and paid-up share capital of US$100
Yangzijiang Financial released an update on Wednesday (Jul 2) that its proposed spin-off company Yangzijiang (YZJ) Maritime Development…
Business
No compulsory financial advice needed for most retail investors under proposed MAS changes
Retail investors may soon be able to invest in products that are deemed complex without seeking the now-mandatory financial advice, even…
Business
KKR starts financial advisory platform to widen choices for Singapore consumers
Global asset manager KKR has started a platform for financial advisory (FA) firms that will give customer more choices. Launched on…
Business
The Bank Secrecy Act is failing everyone. It’s time to rethink financial surveillance.
The US is on the brink of enacting rules for digital assets, with growing bipartisan momentum to modernize our financial system. But amid…
Business
Dundee University bosses quit after damning report into financial collapse
Douglas Fraser Business/economy editor, Scotland Graeme Ogston Tayside and Central reporter The principal of Dundee University and two…
Business
Chime IPO: Stock price today as financial services startup makes closely watched Nasdaq debut
Chime Financial is expected to debut on the Nasdaq today. The fintech company’s initial public offering (IPO) is one of the most…
Business
Singapore needs to embrace Bitcoin to maintain status as financial hub: Jeremy Tan
Singapore needs to welcome Bitcoin-related businesses to maintain its status as a global financial hub, said retired businessman Jeremy…
Business
Chime Financial IPO: Digital banking service sets target stock price as Nasdaq listing date nears
Ding, ding, ding! Chime Financial is finally ready to go public. The 13-year-old digital banking services company has set a target…
Business
Independent financial adviser appointed for partial offer for Cordlife
Cordlife has appointed Novus Corporate Finance as the independent financial adviser for a voluntary conditional cash partial offer it has…
Business
Sony says spinoff will give financial arm its own fundraising capabilities
It is the first partial spinoff by a company in Japan with a direct listing – the first in Japan in more than two decades – set for Sep 29…
Business
Independent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be…
Business
Leicester CIty referred over alleged EFL financial breach
Leicester City have been referred to an independent commission by the Premier League for an alleged breach of EFL financial rules while…