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World's biggest banks brace for asset reductions and job cuts
World's biggest banks brace for asset reductions and job cuts
UBS, Deutsche Bank, Barclays, and Credit Suisse feel the heat of slashing costs.
Standard Chartered employs Juniper networks infrastructure
The bank has also deployed Juniper Networks SRX1400, SRX3400 and SRX3600 Services Gateways for its security capability set.
Bad mortgages reach a whopping $69b since 2007
Blame it on JP Morgan’s recent disclosure of its $1.3b new expenses related to faulty mortgages and foreclosures.
Citigroup to pay $285m penalty for misleading investors
This is the third-biggest fine for such conduct and SEC’s latest action against banks.
Morgan Stanley raises investment banking compensation to $5.74b
Morgan Stanley still increased its compensation by 8% despite the division's poor performance.
What you need to know about Lombard Odier’s new hires in AsiaPac
Lombard Odier has expanded its institutional sales team with the appointment of three new members in Asia-Pacific.
Julius Baer to refer its investment banking transactions to Macquarie
In turn, Macquarie will refer its clients who need private banking services to Julius Baer.
JP Morgan's earnings may drop 2%
This despite the bank's four straight quarters of beats, according to a Reuters report.
DBS beefs up debt issuance program to $15bn
The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.
Maybank Singapore to launch all-in-one Mastercard
Maybank’s Platinum Debit MasterCard will allow cardholders to pay for public transport and purchase items at over 15,000 retail points.
Singapore central bank to continue 'judicious management' of its currency
The Lion City expects its economy to probably expand at a slower pace in the next few years, according to a Bloomberg report.
Global regulators to force banks to increase liquid assets
The Basel group plans to put uniform implementation of the Basel III reforms at the top of its agenda, according to a Reuters report.
Nikko Asset Management acquires DBSAM Singapore for SGD 137m
DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM.
UBS appoints Mike Stewart as global head of equities
Mr Stewart steps in after the resignations of Francois Gouws and Yassine Bouhara as co-heads of Global Equities.
DBS to slash Singapore dollar deposits rates
Lending activity has started to ease off as banks become more careful.
OCBC woos customers defecting from French banks
The lender wants to gain share from defectors who withdrawn billions of their investments from French lenders.
Assets under management soars 76% in leading Asia-Pacific banks
Citi surpasses UBS as the leading high net worth wealth manager in Asia-Pacific according to a Private Banker International report.
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