DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.
October 7, 2020The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.
October 6, 2020US law firms are inviting investors to participate in class actions if they lost money in HSBC and StanChart stock following the release of the FinCEN Files.
September 30, 2020DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.
September 30, 2020The USD 100 million trade was the first MYR - USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.
September 24, 2020Since June 2019, banks have been required to inform customers of their right to request lower interest rates when their credit profiles improve or their assets increase.
September 23, 2020Mox Bank, backed by Standard Chartered, PCCW, HKT and Ctrip Financial, is first opening accounts for its 20,000 pre-registrants before it opens to the rest of the public.
September 9, 2020Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI's permission.
September 9, 2020Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
September 3, 2020The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.
August 4, 2020