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MAS: Credit Suisse to Continue Singapore Operations Without Disruptions
Credit Suisse will continue operating in Singapore without any interruptions or restrictions following its takeover by UBS, said the Monetary Authority of Singapore (MAS). MAS added that customers will continue to have full access to their accounts and Credit Suisse’s
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MAS: Singapore Banking System Has “Insignificant Exposures” to Failed US Banks
The Singapore banking system has “insignificant exposures” to the failed Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank in the US, according to the Monetary Authority of Singapore (MAS). The regulator added that Singapore’s banking system still remains sound
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Grab’s CFO Peter Oey Sells Stake Worth US$1.1 Million
Grab’s Chief Financial Officer Peter Oey has sold his stake in the Southeast Asian superapp worth US$1.1 million according to a report by Bloomberg. Oey and, one affiliated person Eve Oey, sold 341,202 shares at an average price of US$3.17
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Okta Appoints Clarence Cheah to Lead APAC, Japan Growth
Okta, a publicly traded identity and access management firm, has appointed IT and security industry veteran Clarence Cheah as Head of Growth Strategies for Asia Pacific and Japan (APJ). In his new role, Cheah will oversee Okta‘s strategic growth initiatives and
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Grab Prepays US$600 Million in Debt Ahead of 2026 Maturity
Southeast Asian superapp Grab has prepaid US$600 million (S$806.82 million) in debt ahead of a 2026 maturity as it had excess cash on its balance sheet, according to a report by Bloomberg. This move brought down its debt under an outstanding
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Seven Biggest Fintech Frauds of Recent Years: Who Got Caught?
It’s been a tough year for the fintech and crypto industry, and it has been under fire for various reasons. Among other pressures, perhaps the single most damaging aspect to come out of this year has been widespread suspicious activity
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Citi Singapore Appoints Matt Read as Retail Banking Head to Triple AUM by 2025
Citi Singapore has announced the appointment of Matt Read as its Retail Banking Head, effective 17 April, where he will be part of the senior management group. Matt will lead Citi’s local team to deliver on the bank’s aim to
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500 Global Appoints Three New Partners to Lead Southeast Asia Growth Plans
Early-stage venture fund and seed accelerator 500 Global has appointed Saemin Ahn, Martin Cu, and Shahril Ibrahim as new Partners to lead its initiatives across Southeast Asia. Saemin brings a decade of experience in growth investing. He was the Founding
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Trust in Singapore Banks Continues to Be on the Rise, Says ABS Survey
A survey conducted by Edelman Data and Intelligence has found that trust in the Singapore banking industry has increased for a second straight year since 2020. The third annual Banking Trust Index for Singapore (BTIS) survey was commissioned by the
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DBS Undergoes Shake Up With Several Management Role Swaps
DBS Bank has made several senior-level rotations that will take effect on 1 April 2023 following the retirement of Sim S. Lim, Group Head of Consumer Banking (CBG)/ Wealth Management. He will continue to stay on as a senior advisor.
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