Singapore

Total income rose 10% to $6.7b.

Total income hikes 14% from last year to $7.2b.

And UBS hikes Asia investment banking bonus pool.

Higher interest rates are seen to kick net interest margin up.

Migration is completed in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.

Increasing use of digital payments will fuel the growth.

It gives customers access to dining, travel, and entertainment deals in 6 markets.

In the banking sector, we take a broad view of digital—one that transcends new apps and the deployment of new and different channels. Moreover, we believe that digital is making it imperative for financial institutions to review and transform their organisational structures to ensure success and survival.

This will result in greater industry collaboration between banks and e-commerce players.

Higher interest rates and rising wealth to push double-digit profit growth.

Thanks to broad-based growth in loans and fee income.

60% experience fraud using synthetic identities.

And more Britain and US banks ban bitcoin buying using credit cards.

“Rip Van Winkle would be the ideal stock market investor,” Richard Thaler, the Nobel prize-winning behavioral economist, points out. He adds: “Rip could invest in the market before his nap and when he woke up 20 years later, he’d be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.”

How loss absorption will occur in practice remains to be seen.

Entries are accepted until April 20.