Singapore's OCBC Acquires Commonwealth Bank Of Australia's Indonesian Unit
The deal is the first acquisition by OCBC since Helen Wong took over as group CEO in 2021, becoming the first woman to lead the Singapore-based bank.
Source: forbes.com
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16-year-old among 5 people arrested for suspected involvement in scams
SINGAPORE: A 16-year-old was among five people arrested for their suspected involvement in scam cases, following a week-long raid against money mule activities in early November. Officers from the Commercial Affairs Department conducted the islandwide operation
Source: channelnewsasia.com
Commentary: Why recent bank service outages are a national security concern | Video
On Oct 14, DBS and Citi banking services were disrupted due to a technical failure in one data centre. When outages can bring daily life in Singapore to a halt, they become more than an inconvenience, says S Rajaratnam School of International Studies’ Benjamin Ang.
Source: channelnewsasia.com
Commentary: DBS, Citi outage – it shouldn't be so easy to bring daily life to a halt
That two banks went offline because of a technical failure in one data centre shows the vulnerability of critical infrastructure. It’s a warning of what could happen in an intentional attack on Singapore’s systems, says S Rajaratnam School of International Studies’ Benjamin Ang.
Source: channelnewsasia.com
Singapore bank DBS posts 18% jump in third quarter profit, beating estimates
DBS CEO Piyush Gupta also addressed the recent banking disruptions.
Source: channelnewsasia.com