Chinese fintech Ant Group is seeking to raise more than $34 billion from its upcoming blockbuster initial public offering, as the company disclosed pricing terms Monday for its two listings in Hong Kong and Shanghai that would make its IPO the largest ever.
Insurance broker Willis Towers Watson is launching a new product line providing customized coverage for clients in commercial real estate, as the sector faces continued uncertainty and new risks during the coronavirus pandemic.
SWIFT revealed Monday it partnered with Singapore to potentially integrate its financial messaging network with the country’s digital trade program, highlighting a new growth area for global banks.
Fitch Ratings said on Monday that it affirmed the ratings for Singapore’s three big banks while warning that the trio still face the prospect of downgrades if the country’s medium-term economic conditions do not improve amid a recovery from the COVID-19 downturn.
Ant Group on Friday unveiled a new cross-border trade finance platform powered by its Blockchain-based unit AntChain in partnership with major global banks as the Chinese fintech readies for its blockbuster initial public offering.
BNP Paribas is discontinuing its commodity trade financing activities in Switzerland, a move that could affect 120 Geneva-based employees, the bank’s Swiss group said Wednesday.
Tokyo-based Ueda Yagi Tanshi Co. will be the first wholly foreign-owned money broker to operate in mainland China, after receiving approval on Friday from the China Banking and Insurance Regulatory Commission.
DBS said on Thursday that it launched a business property mortgage loan pegged to the Singapore Overnight Rate Average, the first of its kind in Singapore, as the city-state transitions in the adoption of the new benchmark interest rate.
DBS said Wednesday that it received a green light from the China Securities Regulatory Commission to create a joint venture securities company, in which it will have a majority stake of 51%, as China continues to open its financial sector to foreign firms.
The coronavirus pandemic continues to threaten Singapore’s largest banks, Fitch Ratings said Sunday, building on an earlier warning that it saw reasons for concern about the financial institutions’ stability.
Asian lender DBS reached a deal to offer the agribusiness industry’s first loan pegged to Singapore’s fledgling interest rate benchmark, another step in a global financial sector’s transition away from the London Interbank Offered Rate.
Asia’s digital payments market is poised for rapid expansion, with expectations of growing as much as 81% to $4.46 trillion over the next four years, and China helping to lead the way through the launch of a digital yuan.
DBS is offering Singapore’s first automated payments system for the construction sector through a new partnership with fintech Doxa, aiming to bring the paperwork-heavy industry into its digital fold as the country’s economy kicks back into gear following a coronavirus-induced lockdown.
Singaporean lender DBS has partnered with enterprise software provider Infor on a program that will help expand its digital supply chain financing options, a growing need as access to credit tightens and trade becomes more turmoil-ridden.
DBS’ Hong Kong business tapped Peter Tung, a veteran of Morgan Stanley and UBS, to head its private banking unit for greater China as financial firms compete for growth in a cooling market.
Singapore-based DBS pledged SGD 20 billion ($14.4 billion) in sustainable investments and released a framework and taxonomy to define metrics and benchmarks for the trillion-dollar sustainable investing sector on Monday.
As financial firms worldwide continue to shift more attention toward sustainable and green finance strategies, Janus Henderson Investors has launched the Janus Henderson Global Sustainable Equity Fund, the company said Thursday.
Singapore’s DBS Bank and OCBC Bank have issued a seven-year, $700 million Singapore dollar ($502.4 million) sustainability-linked loan to a joint venture of Keppel Infrastructure Trust and Keppel Energy, the companies said Wednesday.