In The News

BNY Mellon opens nine-man forex dealing room in Singapore

BNY Mellon has launched a foreign exchange dealing room in Singapore to facilitate trades in G10 currencies and the Korean won. The American investment giant said the move reflects Singapore's growing regional and global significance as a forex trading centre. "Singapore's rapid ascendancy to become the dominant forex trading hub in Asia-Pacific is not unexpected given its well-placed time zone...


DBS ties with HSBC, StanChart in S'pore trade finance

SingaporeDBS Bank's push in the trade finance business has clinched it a place among the global banks. While HSBC continues to dominate across Asia in trade finance, in Singapore, DBS has made it to the top three banks serving multinationals based here, according to the 2014 Greenwich Associates study released on Monday on Asian corporates' use of trade finance.HSBC, Standard Chartered Bank,...


Goldman Sachs Asset Management buys Australia bank shares

SydneyA SELL-OFF in Australian bank shares was too good to miss for Goldman Sachs Asset Management."The single biggest move in our portfolio over the last two or three months has been buying bank stocks," Dion Hershan, the fund manager's head of Australian equities said last Thursday. "We do view this as an opportunity. The weakness is temporary."The nation's four largest lenders fell the most...


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