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What’s better than cleaning up your battered brand? Adopting a new one with the state’s seal of approval ..read more

It’s a jarring moment. Piyush Gupta, CEO of DBS Group is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. The $62 billion Singaporean bank is also held up as a role model by Chinese insurer Ping An in its shareholder agitation at HSBC. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding ..read more

The Bank of Japan is taking the long road out of zero-interest rate limbo. The central bank on Tuesday again tweaked its policy to permit slightly higher yields on 10-year government bonds as it inches its way back to positive official borrowing costs. A still-sluggish economy and potentially fragile financial system justify a cautious approach. The drawback is that Japan remains a loose-money outlier ..read more

BENGALURU (Reuters Breakingviews) -Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are increasingly spending time elsewhere as their revenue from China shrinks. The hot new business class ticket within Asia is in fact, Hong Kong to Mumbai ..read more

There’s a spanner in the freshly restarted U.S. manufacturing machine. A factory construction boom sparked by President Joe Biden’s industrial policies has led to unbridled optimism about the sector for the first time in decades. The hardest part of the process hangs in the balance, however: filling all the anticipated job openings ..read more