Bloomberg Singapore authorities are urging banks to impose stronger security measures to prevent more phishing scams after one of the city-state’s biggest lenders was hit by a serious case of fraud. Banks need to expand their fraud surveillance capabilities, Lawrence Wong, the finance minister and deputy chairman of the Monetary Authority of Singapore (MAS), said in parliament on Tuesday. ...

  Bloomberg Bankers based in Italy are meeting in the northern town of Parma at the Assiom Forex conference as the banking industry looks at possible consolidation amid rising profits and a resurgent economy after the pandemic. Italian lenders have cleaned up their books, curbed risks and reduced costs in last few years. Now, they are set to benefit from ...

  Bloomberg Bank of America Corp (BofA) says the worst of this year’s selloff in the municipal bond market might already be over, though there may be some additional pain in March after Federal Reserve’s rate decision. With timing of expected policy tightening at central bank now shifted to next month, first quarter should absorb most of the bearish price ...