Banks and financial institutions

Foreign banks have expressed UBS merger interest, Swiss newspaper reports

At least eight banks have signalled interest to UBS, Blick reported, citing an insider with knowledge of the matter.

Vitol told Deutsche Bank AG that Radiant World contracts with CFO’s signature were fake

Bloomberg reported in July that top traders including Vitol had halted business with Radiant World amid concerns that it had supplied banks with fake documents to obtain loans.

HSBC scraps $32,000 members club perk for Hong Kong bankers

HSBC has stopped covering 95 per cent of the school fees of children of new hires and senior staff relocating to Hong Kong.

How can we tackle AI’s financial risks?

The news that China and the US are considering a joint “hotline” to discuss AI risks is a small symbolic step in the right direction.

Lagarde succession race at ECB is heating up as Schnabel exits

This early exit sets the scene for another high-stakes showdown between leaders like in 2019 when Christine Lagarde was appointed.

Isabel Schnabel to leave ECB board early for senior role at IMF

Isabel Schnabel’s (centre) premature exit adds urgency to the 2027 leadership shakeup at the Frankfurt-based ECB.

80,000 to get vital AI skills training under finance sector’s workforce transformation initiatives

Financial institutions will get more support under five new initiatives to enable the financial sector workforce to transform.

Vitol trader confirmed Radiant World deal that Vitol now denies

Radiant World has been accused by a number of its lenders and counterparties of fraudulently raising money by using fake documents.

Morgan Stanley investment-bank deal list leaked in e-mail misfire

The deals list was sent out via email this week to some clients by Mohamed Atmani, Asia-Pacific head of financial sponsors in the investment-banking department.

S’pore firms, households have sufficient buffers to weather financial shocks: MAS review

The review comes as inflation has proven more sticky than expected, with the escalation of the Middle East conflict adding to energy price pressures.

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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.