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India’s Paytm plans to hire 4,000 people in AI pivot as it cuts 400 staff

The digital payments operator has been revamping its business after Indian regulators targeted its banking affiliate two years ago.

UBS said to cut Asia ESG staff by half in latest pullback by global banks

Global staffing within UBS' chief sustainability office has shrunk to about 35 employees from more than 100 in mid 2023, a source said.

Banks lay groundwork for mass workforce cuts as AI takes hold

Most bank executives are in agreement: Jobs will be cut as AI is implemented.

AllianzGI in exclusive talks to buy UOB Asset Management: Sources

Details are being finalised on a transaction that could be valued at up to $600 million, sources say.

HSBC, AIA shares slump after report of Hong Kong bank account curbs

HSBC has warned that all funds deposited into investment accounts must comply with Hong Kong’s regulatory requirements.

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.

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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.