New sales up 38% for Singapore life insurers in first 9 months of year
SINGAPORE – Singapore’s life insurance industry recorded a total of $4.11 billion in weighted new business premiums for January to September, growing 38 [...]
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Former Hong Kong lawmaker Ted Hui asks why HSBC is still freezing his accounts
HONG KONG (BLOOMBERG) – A former Hong Kong lawmaker who fled abroad is questioning why HSBC Holdings Plc continues to freeze his bank [...]
Australia's NAB reveals anti-money laundering probe
SYDNEY (BLOOMBERG) – National Australia Bank (NAB) is being investigated by the government agency responsible for financial crime for what it said were [...]
Citi loses bid to recall US$500m in wrong payments in massive blunder
NEW YORK (AFP, BLOOMBERG) – Citigroup unexpectedly lost a legal battle to recover half a billion dollars in mistaken payments it sent out, according [...]
Long an Islamic banking minnow, Indonesia merges syariah lenders
JAKARTA – In Indonesia, being seen as halal is serious business. Starbucks and KFC show off their halal certification from the country’s top [...]
Singapore launches first institute focused on green finance research, talent development
SINGAPORE – A new institute here will conduct research and train professionals to become talents in green finance, an area of banking and [...]
Citi to open its largest wealth hub globally in Singapore in December
SINGAPORE – Citi will open its largest wealth advisory hub in Orchard in December as it targets an increase of its market share in [...]