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Swiss to wind down private bank MBaer that US accused of money laundering

The US Treasury had threatened to cut the Swiss private bank’s access to the US financial system for breaching sanctions against Iran, Russia and Venezuela.
The US Treasury had threatened to cut the Swiss private bank’s access to the US financial system for breaching sanctions against Iran, Russia and Venezuela.

HSBC profit beats forecasts with strong performance from wealth business

Since taking over as CEO in 2024, CEO  Georges Elhedery has led a radical restructuring of the bank, cutting thousands of jobs, selling some businesses, while merging and closing others.
Since taking over as CEO in 2024, CEO  Georges Elhedery has led a radical restructuring of the bank, cutting thousands of jobs, selling some businesses, while merging and closing others.

Private credit fund selling $604 million of assets at 94% value as industry worries continue

The private credit industry is reeling from worries about overspending on aAI, exposure to software investments threatened by AI and lending standards.
The private credit industry is reeling from worries about overspending on aAI, exposure to software investments threatened by AI and lending standards.

OCBC Q4 profit up 3% while full-year dips 2%; bank cautious on outlook

OCBC has proposed a special dividend of 16 cent per share on top of a final dividend of 42 cents per share.
OCBC has proposed a special dividend of 16 cent per share on top of a final dividend of 42 cents per share.

StanChart unveils $1.9 billion share buyback amid profit miss

Rally in the bank's shares fizzled last week after the shock news of its CFO departure.
Rally in the bank's shares fizzled last week after the shock news of its CFO departure.

Green group files complaint against OCBC to SGX over alleged disclosure gaps on coal plants

Market Forces says OCBC did not provide complete information material to investors, including the true extent of its exposure to carbon-intensive companies that are powering their operations with off-grid coal plants.
Market Forces says OCBC did not provide complete information material to investors, including the true extent of its exposure to carbon-intensive companies that are powering their operations with off-grid coal plants.

Great Eastern Q4 profit jumps 79% to $241.4 million

For full-year 2025, Great Eastern saw a 21 per cent rise in  net profit to $1.2 billion.
For full-year 2025, Great Eastern saw a 21 per cent rise in  net profit to $1.2 billion.

JPMorgan’s Jamie Dimon sees parallel to pre-financial crisis era as rivals do ‘dumb things’

JPMorgan Chase CEO Jamie Dimon said on Feb 24 he will remain at the helm of the largest US bank for a “few years”.
JPMorgan Chase CEO Jamie Dimon said on Feb 24 he will remain at the helm of the largest US bank for a “few years”.

Anxiety over giant AI data centre lender is rattling the $2.3 trillion private credit market

Blue Owl Capital's liquidity crisis is the latest sign of tumult in the private credit market stricken with worry about overspending on AI.
Blue Owl Capital's liquidity crisis is the latest sign of tumult in the private credit market stricken with worry about overspending on AI.

Branded Content

Faster bankers’ guarantees, stronger subcontractor support: Easing financing bottlenecks in construction

Through close dialogue with industry players, OCBC is strengthening construction financing support for the civil engineering ecosystem with tailored solutions designed to address sector-specific challenges.
Through close dialogue with industry players, OCBC is strengthening construction financing support for the civil engineering ecosystem with tailored solutions designed to address sector-specific challenges.

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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.