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HSBC bullish on 2025 despite $1.4 billion hit from Madoff provision

HSBC's results was hurt by a US$1.1 billion (S$1.4 billion) charge after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme.

Sequoia Capital invests in AI tool that could replace junior bankers

Rogo Technologies builds software that helps investment bankers with certain tasks, aiming to eventually create the AI equivalent of a banking analyst.

HSBC takes $1.4 billion hit on Madoff fraud litigation

HSBC joins other global banks unexpectedly hit recently with ballooning costs on various cases dating back years.

Hong Kong proposes easing rules to attract global fund managers

The move comes as Hong Kong is seeing a boom in listings and trading volume in 2025.

US banks’ trio of alleged frauds spark fear of broader issues

74 of the biggest US banks shed more than US$100 billion in market value on Oct 16.

‘When you see one cockroach, there are probably more’: Jamie Dimon issues private credit warning

JPMorgan Chase & Co. CEO Jamie Dimon said he expects to see more bankruptcies like First Brands' if the private credit market goes into an economic downturn.

HSBC offers to take Hang Seng Bank private in major bet on Hong Kong financial hub

As a key subsidiary of HSBC, Hang Seng Bank plays a significant role in the region’s banking sector.

DBS gains $26 billion in market value, widening its lead over local rival OCBC

A 21 per cent advance in shares of Singapore’s largest bank in 2025 has boosted its market capitalisation by about $26 billion.

Global investment firm Arena Investors to shut Singapore office: Sources

Arena’s move to shut its Singapore office comes as the US$1.7 trillion (S$2.2 trillion) global private credit market faces mounting headwinds..

1MDB liquidators lose Singapore court bid to sue StanChart, BSI

The High Court has prevented foreign liquidators from suing Standard Chartered and BSI Bank over transactions allegedly linked to the 1Malaysia Development Bhd (1MDB) scandal.

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