Banks and financial institutions

HSBC moves to Wall Street bonus model, cuts fixed-pay deals

The London-headquartered bank will switch to the new pay system at the start of 2028, according to a memo seen by Bloomberg News.

MAS introduces enhanced safeguards around public events by financial institutions

Under the enhanced safeguards, financial institutions are expected to conduct public prospecting activities only within designated areas at commercial premises.

New Zealand bank in free speech row over ‘explicit’ sheep memes

Kiwibank’s sheep mascot Buck went viral for its good looks, sparking social media memes that prompted the bank to issue takedown requests.

Market Insights

Shares of S’pore banks stabilise after recent decline; SGX cuts board lots: Markets this week

Analysts expect further volatility in bank shares amid earnings concerns and global bond market risks.

UOB to create 1,000 roles even as concerns rise over AI’s impact on entry-level roles for fresh grads

Most of permanent roles will span personal financial services and anti-money laundering roles, as well as early-career opportunities.

Young bankers to manage AI agents from start, Goldman exec says

Goldman Sachs Group’s Kevin Sneader said they are focused on how roles would be reshaped.

Suspect behind South Korea bank hacks may be 26-year-old in China: Crowdstrike

Crowdstrike said the threat actor was likely a Chinese speaker and financially motivated.

Barn owls, bees, puffins and hedgehogs to feature on British banknotes

Almost 500,000 people voted on a selection of 18 animals released by the central bank in June.

Wells Fargo faces potential probe over black home ownership commitments: Report

The authorities reportedly said that Wells Fargo had adopted a strategy of “sorting” homeowners and offering different products or terms based on their race.

DBS, OCBC and UOB shares have fallen. Is it a good time to buy?

Citi expects OCBC’s Q3 earnings to be flat year on year, and growth optimism for the lender to be derailed.

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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.