Business

Economy

Finance & Wealth

Companies

Jobs

Invest

Grab-backed Super Bank jumps in Jakarta debut after $217 million IPO

Digital banking firm PT Super Bank Indonesia surged 24 per cent, hitting the daily trading limit, on its Jakarta debut.

UOB hit by HK, China property loans as real estate prices sink

UOB shares are down 4 per cent to date in 2025, while DBS OCBC are up about 27 per cent and 16 per cent respectively.

China shadow bank’s missed payments show growing property stress

China’s murky shadow-banking industry has allowed the country’s property slump to spill over into other areas of the economy and rack up a long list of victims.

Senior HSBC executives hid behind co-head roles: CEO

HSBC CEO Georges Elhedery began his radical restructuring of the bank 15 months ago.

It’s staggering how Singapore is always thinking ahead: JPMorgan CEO Jamie Dimon

JPMorgan chief Jamie Dimon says: "Based on the time I spent with GIC and MAS and Singapore's political leaders, I see they are always thinking about what’s next and how (Singapore) can get better."

UBS may cut a further 10,000 jobs by 2027: Swiss report

A reduction of 10,000 jobs would equate to a 9 per cent cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.

DBS said to hire Sarah Tsao from UBS to cover govt-linked companies like GIC, Temasek

DBS is among Asia’s largest wealth managers and its biggest shareholder is Temasek.

OCBC shares hit record as wealth unit shines

OCBC shares gained as much as 0.6 per cent on Dec 2 to a new intra-day high of $18.83.

China’s top investment bank CICC plans three-way merger to compete with global giants

China International Capital Corp plans to combine with two smaller brokerages to strengthen its ability to compete with global banking giants.

China banks issue phantom loans to hit targets in slow economy

In another sign of deteriorating domestic demand, overall investments have so far in 2025 contracted for the first time since 2020.

E-paper

Newsletters

Podcasts

RSS Feed

About Us

Terms & Conditions

Privacy Policy

Need help? Reach us here.

Advertise with us

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