Chanyaporn Chanjaroen

Singapore’s financial regulator is working with private banks to shorten account opening time using a “risk-appropriate” approach, as the city-state rises in importance as a wealth management hub.

The Japanese lender is utilizing tools such as synthetic risk transfers and loan portfolio sales, Asia-Pacific Deputy Head Carsten Stoehr says.

Allianz Global Investors is in exclusive talks to buy the asset management division of Singapore’s United Overseas Bank Ltd., according to people familiar with the matter.

Allianz Global Investors befindet sich nach Angaben mit der Angelegenheit vertrauter Personen in exklusiven Gesprächen über den Kauf der Vermögensverwaltungssparte von Singapurs United Overseas Bank.

Indonesia’s sovereign wealth fund Danantara is planning to sell local-currency bonds that will pay interest below market rates at a time when global investors are rapidly losing confidence in the nation’s markets.

The crypto community reeled after one of Bitcoin’s biggest buyers made a symbolic sale.

Indonesia’s central bank has been tightening oversight of Wall Street lenders and local financial institutions as it tries to stem the rupiah’s decline and support Southeast Asia’s largest economy, according to people familiar with the matter.

Bank Indonesia has been stepping up monitoring of banks’ foreign-exchange dealings to ensure transactions are conducted for commercial rather than speculative purposes, sources said.

Unpredictable state intervention under Indonesia’s president is turning the emerging-market darling into a global laggard.

Indonesia named capital markets veteran Jeffrey Hendrik as chief executive of its stock exchange, the latest effort to bolster investor confidence in the world’s worst-performing equity market.