Banks

More than 800 Maybank Singapore junior staff to receive one-off payouts

The individual quantum is more than double the amount given in earlier years

Trump is known as the US’s first pro-crypto president.

Trump escalates confrontation with banks over crypto agenda

Banks oppose provisions that would allow firms such as crypto exchanges to pay yield to users holding stablecoins

The rise of Chinese lenders comes as Asia-Pacific loan markets outside Japan remain under pressure.

China’s cheap money is shaking US$9.5 trillion global loan market

Chinese banks are expanding overseas lending amid weakening domestic credit demand

Gold has seen a historic bull run over the last year, smashing through records as investors look for alternatives to fiat currencies.

Singapore taps JPMorgan, UBS to push regional gold hub ambition

UOB is the only Singaporean lender offering physical gold sales and vault services to retail customers

Asian and Chinese banks, which have emerged as the Gulf’s top financiers, extended more than US$15 billion in loans last year, according to Bloomberg-compiled data.

Asian banks’ billions in Gulf loans at risk amid Middle East turmoil

Tensions in the region add another layer of instability to global economy

The affected roles are primarily in support functions that do not involve direct customer contact.

Danske Bank cuts hundreds of jobs to add to Danish layoff wave

Most of the job cuts will fall in Denmark and Lithuania, the firm says

Societe Generale Securities Japan has been adding veteran salespeople for interest-rate products, foreign exchange and derivatives.

Societe Generale expands Japan credit business with Santander, UBS hires

Banks in countries from Canada to Spain have been competing for talent in the Asia’s third-largest economy

Sofia Hammoucha, global head of trade and working capital at StanChart, says part of her role is also to find ways to apply and scale newer technologies across the bank’s offerings.
THE BANKER

Tokenisation key to ‘next frontier’ of trade finance: StanChart’s Sofia Hammoucha

The ‘key priority’ is to solve, embrace, invest and deliver on the new technology, she says

Trump has previously issued executive orders seeking to tighten access to state and federal systems.

US weighs requiring banks collect citizenship data: reports

Citizenship documents are not currently necessary to open a bank account in America