Credit
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Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
[SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches, said the Monetary Authority of Singapore (MAS). The penalties relate…
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Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
[SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related breaches, said the Monetary Authority of Singapore (MAS). The penalties…
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Trump is ‘Claiming Credit’ for Bombshell Report on Elon Musk’s Alleged Drug Use, Author Says
President Donald Trump is reportedly claiming he helped leak details about Tesla CEO Elon Musk’s alleged drug use to The New York Times. President Donald Trump is reportedly privately boasting…
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Chipmakers win bigger tax credit under bill passed by Senate
[WASHINGTON] Sweeping tax legislation passed by the Senate on Tuesday (Jul 1) would make it cheaper for semiconductor manufacturers to build plants in the US, delivering a win to chipmakers…
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Chipmakers win bigger tax credit under bill passed by Senate
[WASHINGTON] Sweeping tax legislation passed by the Senate on Tuesday (Jul 1) would make it cheaper for semiconductor manufacturers to build plants in the US, delivering a win to chipmakers…
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US investors, Asia’s ultra-rich drive growth in Asia-Pacific private credit
[SINGAPORE] A slight uptick in private-credit fundraising in Asia-Pacific (Apac) last year has given market players optimism for a positive 2025, even as investors continue to avoid China. They said…
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BlackRock says super-rich want private credit as PE returns lag
[NEW YORK] Family offices want more of the private credit boom. More than half of 175 family offices around the world are optimistic about private credit and almost one-third said…
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American Express plans ‘largest investment ever’ in platinum credit card
The New York-based company has faced intensifying competition for premium credit card customers Published Tue, Jun 17, 2025 · 12:07 PM [NEW YORK] American Express (Amex) teased updates coming later…
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Navigating private credit – how it compares with T-bills and publicly issued bonds
[SINGAPORE] Private credit is rapidly gaining traction among retail investors as regulators around the world are giving these individuals more access to private markets in general. Private credit refers to…
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LA Mayor’s Protest Curfew Deemed a ‘Success’ as White House Attempts to Take Credit
The White House attempted to take credit after Los Angeles Mayor Karen Bass was able to quell unrest from protests in the city by implementing a curfew in its downtown…
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JPMorgan Bets Big on Asia’s Booming Credit Market With $50 Billion Expansion
JPMorgan Chase is accelerating its efforts in Asia’s rapidly expanding private credit market, setting its sights on the growing demand for non-traditional financing across the region. With tighter bank regulations…
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US airlines oppose credit card fee crackdown they say could imperil free flight offers
[WASHINGTON] Major airlines said on Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying it could force them…
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HSBC to inject US$4 billion into its private credit funds
Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General Atlantic Published Mon, Jun 2, 2025 · 01:20 PM…
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India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Published Thu, May 29, 2025 · 06:36 PM [MUMBAI] Bank frauds in India jumped threefold last year,…
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Private credit funds target billions in retail demand from Asia
[SINGAPORE] From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last untapped pocket: retail investors. Private…
