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Banks and financial institutions

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.

US threatens to cut off Swiss bank MBaer from financial system over alleged Iran, Russia, Venezuela ties

US Treasury Secretary Scott Bessent said MBaer had "funnelled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and Russia".
US Treasury Secretary Scott Bessent said MBaer had "funnelled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and Russia".

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.

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”.

UOB to reward junior staff with one-off payout despite fall in Q4 and 2025 net profit

Earnings for the three months ended December were $1.41 billion, down from $1.52 billion a year ago.
Earnings for the three months ended December were $1.41 billion, down from $1.52 billion a year ago.

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.

DBS to impose 12-hour cooling period for adding new payees, raising daily transfer limits

The cooling period is part of DBS Bank’s efforts to bolster account security against increasingly sophisticated scams.
The cooling period is part of DBS Bank’s efforts to bolster account security against increasingly sophisticated scams.

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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.