Banking & Finance
Citigroup bets on CEO Fraser’s overhaul to aim for 11% to 13% profitability
Last month, the bank beat Wall Street expectations for first-quarter profit
Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
They state that loans will be a key driver for growth
Bank Negara Malaysia holds key rate steady, flags risks from Middle East crisis
The latest indicators show the country’s Q1 growth momentum continues, driven by domestic demand and strong exports
RBNZ’s frequent remit adjustments risk policy error, OECD warns
The central bank has provisionally forecast inflation will rise to 4.2% in the current quarter
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UBS CEO Sergio Ermotti sees acquisition as an option for US growth
The bank has been working for years to turn around its wealth business in America
China asks banks to pause new loans to US-sanctioned refiners
Tensions are escalating between the superpowers just weeks before a long-awaited meeting
Sun Life quarterly profit jumps on Asia business strength
Canadian insurers have aggressively invested in Asia to capture market share in fast-growing markets and diversify their revenue base
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across Asean
Global watchdog FSB unveils action plan on private-credit risks
It says ‘significant data challenges’ are frustrating its effort to assess vulnerabilities in the market
Singapore earns top rating in fight against financial crime despite shadow of S$3 billion money laundering scandal
Despite high marks, a global watchdog flags gaps in sanctions and oversight of certain sectors
