Bloomberg Danske Bank will pay out as much as $16 million to its private banking clients after failing to warn them that putting their savings into low-risk investments could cost them money. “Our review shows that approximately 900 customers were not adequately informed about the expected negative net return for the affected low-risk strategies,” Bente Nielsen, head of private banking ...

Bloomberg The Malaysian ringgit has defied the odds to outperform most of its Asian peers. Now investors will be watching to see if it survives the trials of September. A three-month rally in the currency could come to a halt when FTSE Russell announces a decision on whether it’ll retain ringgit bonds in its World Government Bond Index. A lesser ...

Bloomberg Singapore’s financial regulator said it will introduce measures to enhance banks’ access to local and US dollar funding to protect the city state’s financial sector against the economic fallout of the coronavirus pandemic. From September 28, the new facility will provide banks and financial firms an additional channel to borrow Singapore dollar funds at longer tenors and will allow ...