Singapore
Credit Suisse and UOB fined as 1MDB probe hits two years
The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.
OCBC opens Indonesia wealth unit amid tax amnesty success
Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia’s tax amnesty.
Sales of life policies in Singapore up 20% in Q1
Singapore’s life insurance industry is off to a strong start, driven by growth in single premium and annual premiums policies which saw weighted new business premiums soaring by 20% compared to the same period last year.
Expat cities among the most expensive for rent
Hong Kong, Dubai and Singapore are some of the most expensive cities in the world when it comes to how much people have to earn to pay rent but they do not top the list, research from UK property selling start-up Nested has found.
Old Mutual Int’l and AAM Advisory in court against IFS
Old Mutual International appeared as a defendant in Singapore’s supreme court alongside its local advice business AAM Advisory on Thursday.