Singapore

UBS appoints Saurabh Beniwal as SEA investment banking head

His territory excludes the Philippines, however.

2 ways to use technology against banking fraud in Asia

Bank fraud costs financial institutions in Asia a combined total of $1 billion annually – a figure that was quoted as recently as last year. But the costs of fraud go beyond just that of monetary losses. Banks have to also consider the shadow costs – such as the possible damage to their reputations, and loss or decrease of trust between them and their existing customers.

Top 10 Hong Kong banks by total assets

Guess which bank led the pack with total assets of HK$5.6t.

“Banking University” could rise in Singapore

BNP Paribas plans banking university to raise level of financial services skills.

Central banks are repeating Mr Greenspan’s mistake

Alan Greenspan, chairman of the US Federal Reserve during 1987-2006, was often heralded as the most celebrated central banker of modern times. The years after 2008 have not necessarily been kind to his professional reputation however. A number of commentators including Paul Krugman and George Cooper (the latter’s work “The origin of financial crises: Central banks, credit bubbles and the efficient market fallacy” is a very worthwhile read for all students of finance) have highlighted the long-term impact of the “Greenspan put” and how the era of cheap money during 2000-2006 was a prime causal factor of the financial crash.

JP Morgan unveils its enhanced online banking platform in Asia Pacific

ACCESS lets clients do financial transactions in a single location.

UOB and Sumitomo Mitsui launch new real estate unit trust in Singapore

The fund will offer 5% potential distribution per annum.