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JPMorgan doubles private bankers in Singapore team to over 50: Sources

JPMorgan Chase & Co. has been hiring from top competitors, which are all vying for more revenue from their wealth businesses in Asia.

DBS to launch gold in the form of digital tokens for retail customers

DBS Physical Gold Tokens will be available through its digibank app in the second half of 2026.

Maybank says it is not under investigation in Indonesia after staff questioned over Salim exports

In the questioning of staff at Malaysia’s biggest bank, it is not clear if any wrongdoing has been established. Neither the company nor the bank has been accused of misconduct.

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.

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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.