Banking & Finance
DBS CEO Tan Su Shan receives S$9.6 million pay package for 2025 in first year at helm
This compares with the S$17.6 million remuneration received by ex-CEO Piyush Gupta in 2024
Great Eastern names OCBC director Andrew Khoo as chairman-designate
He assumes the chairmanship on Apr 15, succeeding incumbent chair Soon Tit Koon
Iran conflict forces central banks into sharp policy rethink
IMF urges policymakers to ‘think of the unthinkable’
Global bond sell-off deepens as oil jump stokes stagflation fear
The bond rout reflects anxiety about the global economy after crude oil surged towards US$120 a barrel
STRAIGHT TO YOUR INBOX
Start and end each day with the latest news stories and analyses.
As Middle East conflict rages, DBS urges SMEs to hedge at least half their FX exposure – not time the market
This comes as the bank expands its SecureFX facility to all corporate clients in Singapore
Crisis management for Singapore banks, fund managers in Dubai as conflict sparks anxiety among clients
Investment banks have instructed employees to work from home
Fed faced with hard choice on weak jobs, high inflation
The central bank aims for 2% inflation, though it has not met that goal for the past five years
Maritime insurance premiums surge as Iran conflict widens
War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz
SoftBank seeks record loan of up to US$40 billion for OpenAI stake
The size of SoftBank’s bet has spooked market observers
Federal Reserve’s Goolsbee touts importance of central bank independence
[NEW YORK] Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that central bank independence is very important for controlling inflation.
