The executive leading Standard Chartered Plc’s adoption of artificial intelligence is leaving the emerging markets lender less than a year into his role, according to people familiar with the matter.
The executive leading Standard Chartered Plc’s adoption of artificial intelligence is leaving the emerging markets lender less than a year into his role, according to people familiar with the matter.
Singapore has committed more than S$1 billion ($782 million) to become a global hub for artificial intelligence. But one of the architects of that effort says the country’s approach to AI readiness may not be sufficient.
Singapore has committed more than S$1 billion ($782 million) to become a global hub for artificial intelligence. But one of the architects of that effort says the country’s approach to AI readiness may not be sufficient.
The Merlion statue and the Marina Bay Sands hotel in Singapore.
Singapore’s three biggest banks pulled in a combined S$77 billion ($61 billion) in net new wealth money last year as geopolitical tensions and trade uncertainty pushed Asia’s rich to move more assets to the city-state.
Singapore’s three biggest banks pulled in a combined S$77 billion ($61 billion) in net new wealth money last year as geopolitical tensions and trade uncertainty pushed Asia’s rich to move more assets to the city-state.
A LVMH Moet Hennessy Louis Vuitton SE store, center, and a Christian Dior SE store, right, at the Ion Orchard shopping mall along Orchard Road in Singapore, on Saturday, Aug. 2, 2025. Singapore is scheduled to release retail sales figures on Aug. 5.
United Overseas Bank Ltd. shares tumbled the most in almost four months after fourth-quarter profit missed analyst expectations and the bank cut its dividend.
United Overseas Bank Ltd. shares tumbled the most in almost four months after fourth-quarter profit missed analyst expectations and the bank cut its dividend.
Signage outside United Overseas Bank (Malaysia) Bhd. bank branch in Kuala Lumpur, Malaysia, on Wednesday, Aug. 14, 2024. Singapore-based UOB is aiming to be Southeast Asia’s top trade bank, while growing businesses from corporate banking to wealth management, executives at its corporate day in Kuala Lumpur said Wednesday. Photographer: Samsul Said/Bloomberg
Kelvin Chiang knew the five agentic AI models built by his team could in ten minutes do what used to take a private banker an entire day. With that in place, he went to show Singapore’s banking regulator the safeguards would sufficiently control the risks.
Kelvin Chiang knew the five agentic AI models built by his team could in ten minutes do what used to take a private banker an entire day. With that in place, he went to show Singapore’s banking regulator the safeguards would sufficiently control the risks.
Bank staff gather for a hands-on AI literacy workshop at OCBC's Singapore headquarters. Source: OCBC
A large wager on Hong Kong and China real estate is backfiring on one of Singapore’s top banks, which is facing up to mounting troubles in the region’s deteriorating property markets.
A large wager on Hong Kong and China real estate is backfiring on one of Singapore’s top banks, which is facing up to mounting troubles in the region’s deteriorating property markets.
Parkview Green in Beijing. Photographer: Simon Song/South China Morning Post/Getty Images
Finance industry billionaires are raising concerns over what they see as increasing risk in private markets fueled by steep rises in asset valuations, limited regulation and macroeconomic pressures.
Finance industry billionaires are raising concerns over what they see as increasing risk in private markets fueled by steep rises in asset valuations, limited regulation and macroeconomic pressures.
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Bloomberg Economics
Bloomberg Technology
Bloomberg Markets
