Banking
Indonesia, home to giant gold mine, launches bullion banking
INDONESIA has launched its first bullion banks in a bid to draw tonnes of privately held gold into the financial system of South-east Asia’s largest economy.
The region’s largest gold...
HSBC names Asia country, banking heads in CEO’s major revamp
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top...
HSBC investors back CEO’s investment banking retrenchment
INVESTORS in HSBC are backing management attempts to shutter parts of its investment bank, even as US President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital...
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a...
HSBC plans biggest investment banking retrenchment in decades
HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday (Jan 28), accelerating a shift to Asia in...
JPMorgan’s investment banking chair to step down, memo shows – The Business Times
JPMorgan Chase’s global chair of investment banking and capital markets Kevin Willsey has informed the bank of his decision to retire at the end of March, according to an...
HSBC said to explore options for consumer banking in Australia – The Business Times
HSBC Holdings is studying options for its consumer banking business in Australia including a potential sale as the bank looks to further slim down its operations, according to sources...
iFast mulls more banking licences in the EU, Singapore amid global push
The company’s banking business is a key part of its three-year plan, which includes reaching a target of assets under administration of S$100 billion by 2028 to 2030WHEN iFast...
Han Kwee Juan to replace Tan Su Shan as DBS’ head of institutional banking
DBS announced on Monday (Dec 9) that it has appointed Han Kwee Juan as head of institutional banking with effect from Jan 1, 2025.He will succeed deputy CEO Tan...
STI rises 0.6% as banking shares make strong gains amid mixed Asia markets
SINGAPORE stocks were close to a record high on Thursday (Dec 5) morning, but eased by the close.The benchmark Straits Times Index (STI) rose 22.74 points or 0.6 per...
