Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust

And Credit Suisse names new head of private banking in Switzerland.

From Bloomberg:
Former Goldman Sachs banker Tim Leissner’s sentencing for his role in the 1MDB corruption scandal has been delayed until February 2023.

The bribery and money laundering charges carry maximum sentences of decades in prison. But the former Goldman Southeast Asia chairman is likely to get much less time due to his cooperation with prosecutors.

Leissner pleaded guilty to charges in 2018 and testified against his former colleague Roger Ng.

From Reuters:
US crypto lender Voyager Digital has filed for bankruptcy, the latest casualty in a dramatic fall in cryptocurrency prices.

Just last week Voyager said that it had issued a notice of default to Singapore-based crypto hedge fund Three Arrows Capital for failing to make payments on a crypto loan totalling over US$650m.

From Reuters:
Credit Suisse has named Roger Suter its new head of private banking in Switzerland, effective 1 August.

Suter, who has been with Credit Suisse since 1993, succeeds current manager Serge Fehr.

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.