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Money transfer giant Wise sees shares sink on money laundering probe

Belgian prosecutors are in the advanced stages of an investigation into Wise, on suspicions criminals used its accounts for money laundering.

Singapore ‘a major beneficiary’ as the wealthy move money out of troubled Gulf

Singapore’s gold imports from the UAE surged to a five-year high of 1,446kg in March.

OCBC’s wealth business drives Q1 profit up 5% to $1.97 billion, more than expected

OCBC saw record non-interest income, led by strong growth in wealth management.

Most S’pore home owners still prefer fixed home loans despite lower floating rates

Fixed home loan rates are now edging towards 2 per cent, but remain far from the peak of 4.5 per cent reached in late 2022.

UOB to double wealth income by 2030 by better tapping growing pool of rich customers: CEO

Net profit for the quarter ended Mar 31 was $1.44 billion, down 4 per cent from $1.49 billion a year ago, but beating analysts’ expectations of $1.39 billion in a Bloomberg poll.

HSBC shares take hit from fraud-related credit loss, Iran war impact

The bank's expected credit loss surged by US$400 million to US$1.3 billion.

DBS ups dividend payout to 81 cents per share as Q1 profit comes in better than expected

DBS shares jumped 3.7 per cent to $58.65 as at 9.18am, after hitting $59, as first-quarter net profit grew 1 per cent on record wealth management fees.

Travelling Down Under? Spending could be hit as Aussie dollar nears one-year high against Singdollar

The Australian dollar grew 1.54 per cent against the Singapore dollar in 2025, and gained a further 6.1 per cent in 2026.

HSBC reviews $48,000-per-child school fee perk for HK bankers to cut costs: Sources

Hundreds of staff have access to the perk, which costs tens of millions of dollars annually.

EQT lands record Asia buyout fund at $19.8 billion amid turmoil

EQT has taken the private equity world by storm with sizable cash outs and top level returns.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.