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DBS, Bank of Singapore ready for acquisitions in wealth mission

  Bloomberg DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires. DBS would look at any deal that fits with its strategy and is at the “right” price, the bank’s consumer and wealth head Tan Su ...

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Yuan rises to one-week high as PBOC boosts fix

  Bloomberg The yuan climbed to its strongest level in a week, as Chinese authorities work to halt the currency’s recent plunge with stronger fixings and a verbal defense. The currency rose as much as 0.26 percent to 6.8900 per dollar, the strongest level since Nov. 22, before trimming the gains to trade 0.24 percent stronger as of 5:31 p.m. ...

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StanChat to cut 10% of investment banking staff

  Bloomberg Standard Chartered Plc is cutting about 10 percent of the staff in its corporate and institutional division as part of a plan announced last year to eliminate 15,000 jobs and improve profitability at the Asia-focused bank, according to a person familiar with the plans. Staff will be notified of the cuts starting this week, and jobs will be ...

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