Financial Services
Yangzijiang Financial Holding puts up $200m share buy-back programme
Yangzijiang Financial Holding puts up $200m share buy-back programme
It will increase shareholders’ value and improve return on equity.
SG-based Capital C Corporation bags $74min fresh funds
The firm was founded by brothers Jeames Cheow and JJohn Cheow in 2011.
'Sandwich gen' has knowledge gaps in intergenerational wealth transfer
They also do not have enough knowledge of succession planning.
Temasek launches investment firm to quicken global decarbonisation
GenZero will focus on decarbonisation solutions to deploy long-term capital.
Chart of the day: About 6 in 10 investors are unsatisfied with their wealth firms
Singapore ranks seventh in overall investor satisfaction amongst eight Asian markets.
OCBC Bank priced $500m perpetual capital securities
It is under its US$30b global medium-term note program.
HSBC names new Singapore head of business banking
Alan Ng will head HSBC’s division supporting small and medium-sized businesses.
OCBC Bank designates new human resources head
Lee Hwee Boon will assume her new post on 24 June.
MatchMove buys SG-based startup Shopmatic for $275.14m
The deal is a first in a series of planned acquisitions.
Hong Leong Finance to launch all-in-one payment app HLF FASTPAY
The e-wallet comes with a virtual Visa Prepaid Card.
Tech-focused talents tops demand in Singapore’s financial sector
More than 3,000 tech-focused jobs are expected in 2022.
MAS committee lists 3 recommendations on adjustment spreads for Legacy SOR contracts
The recommendation covers SOR contras that remain outstanding after 31 December 2024.
MAS task force opens public consultation on 2nd Green and Transition Taxonomy
The second version details criteria and thresholds for three sectors.
Temasek-backed Fullerton Fund Management to start tokenising funds in ADDX
ADDX investors can access the fund at a minimum size of $13,892 ($US10,000).
How Bank-Genie is granting the financial wishes of the unbanked
The startup helps banks open remote branches for just $100.
High Court convicts masterminds in 2013 Penny Stocks Crash
Soh and Quah controlled 187 trading accounts to manipulate stock prices.
Big 3 banks suffer YoY declines in non-interest income in Q122
UOB posted the biggest decline at 30%.
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Commentary
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