Banks and financial institutions

Savvy investor blames his bank for $3m losses after buying non-bank product

A man lost over $3 million after he chose to invest in a non-bank product that was sold by an overseas company

Signing investment documents without reading them can cause you to lose big

Not reading investment documents before you sign can cause you to lose everything.

Singapore banks using AI to vet private banking clients, speed up onboarding

With its new HELIOS agentic AI platform, OCBC can open private banking accounts in 15 business days, compared with more than 30 days previously.

StanChart lifts income target after wealth boom powers earnings beat; shares jump

StanChart said that pretax profit for the first six months of 2026 reached US$4.78 billion (S$6.17 billion).

FIFA explores external investment with $25.8 billion vehicle

FIFA is preparing to open itself to outside investment for the first time as it seeks to capitalise on the commercial momentum generated by the World Cup.

Visa to cut 7% of workforce as CEO seeks to revamp payments firm

Visa reportedly intends to reinvest in consumer payments, commercial and money-movement solutions and value-added services.

Singapore’s financial sector grew 4.3% in 2025, created 4,200 jobs annually over five years

Growth in the financial sector was broad-based across segments, including banking, insurance, asset management, foreign exchange, fixed income and sustainable finance.

MAS records $20 billion net profit on strong investment gains

Investment gains were strong as the global economy remained resilient to repeated shocks, said MAS managing director Chia Der Jiun.

Indian central bank’s likely intervention blunts oil surge, helps rupee avoid record low

JPMorgan moves more than 30 China quant researchers to Singapore, HK

Singapore is a key hub for JPMorgan’s quantitative trading and research business.

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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.