Credit Suisse, which has one of the largest investments banks based in London, is considering new options for the business following the U.K.’s exit from the European Union, according to a media report.
HSBC’s Swiss private bank said it is ending a long-running French investigation over offshore accounts by paying a fine. The agreement raises the specter of a settlement for larger rival UBS.
It started out as a side project for a handful of enthusiasts who wanted to try building an app, but just five years on, the initiative has become a key growth driver for OCBC bank.
KUALA LUMPUR (BLOOMBERG) – Nazir Razak, chairman of CIMB Group Holdings and brother of Malaysia’s prime minister, is helping to start a regional private equity fund that will seek as much as US$1 billion (S$1.36 billion), people with knowledge of the matter said.
OCBC Bank is stepping up its collaboration with an Israeli fintech firm to employ artificial intelligence (AI) and machine learning to combat financial crime.
SINGAPORE – OCBC Bank is raising the bar on using artificial intelligence (AI) and machine learning to combat financial crime, as it works with an Israeli fintech to boost the bank’s operational efficiency and accuracy in the detection of suspicious transactions.
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