Singapore

Sergio P. Ermotti will take up the position of Group CEO on an interim basis.

The bank will report a gain on the sale of treasury-related investments of approximately CHF 0.7 billion in Wealth Management & Swiss Bank.

The merger poised to become Asia's largest regional asset manager.

ATM cards, especially those using magnetic stripes, are increasingly being exposed to sophisticated fraud attempts during transactions. Fraudsters are getting more intelligent and creative in devising methods to obtain users’ Personal Identification Numbers (PIN) and data stored in the ATM cards’ magnetic stripe.

Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of 5,000 consumers in six Asia-Pacific countries. With markets exhibiting roller coaster like volatility, it is no surprise tha wealth management firms across Asia Pacific see an opportunity to rebuild client trust by demonstrating the value of their advice. Indeed, wealth management firms know they will struggle to meet their aggressive revenue growth goals without client confidence in their advisory propositions.

You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Singaporean dollar for that weekend getaway to Malacca to owning the stock of a multinational corporation, it is nearly impossible not to be involved in some way in the US$4 trillion (S$4.85 trillion)-a-day global foreign exchange (forex) market.

A strategic alliance has been agreed that will see DBS and NDB collaborate in equity and fixed income issuances, syndications, project financing and mergers and acquisitions. An MoU has been signed by the two groups.

Koh has twenty years experience in financial services including reorganision of Ta Chong Bank.

As it is predicted to become the dominant center for global trade flows over the next 12 months.

Their alliance will cover fixed income issuances, syndications, project financing and mergers and acquisitions.

Oswald Greubel may be forced to shrink the investment bank after the $2.3b loss from fraudulent trading last week, according to Bloomberg’s report.

Its new platform targets high net worth individuals with investible assets of S$1.5m and up.

UBS Chief Executive Oswald Gruebel will pursue an overhaul of investment banking at a meeting with the board in Singapore, after unauthorized trading caused a $2.3 billion loss.

FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.

Oracle Financial Services Basel II enables banks to meet Islamic Financial Services Board Guidelines for capital adequacy.

Its capital buffers are also the highest compared to OCBC and DBS.