Singapore and Malaysia link faster payment systems
The Monetary Authority of Singapore has announced plans to begin connecting the country's PayNow system to Malaysia's DuitNow real-time payment systems in a phased manner.
DBS Bank adds over one million customers in India
While many foreign banks are scaling back their operations, Singapore's DBS Bank has added more than a million customers through its digital banking, even as it still awaits approval from the Central Bank of India to open a sole...
UniCredit plans to raise $14 billion by selling shares
UniCredit SpA is considering the possibility of raising 13 billion euros ($14 billion) through an additional sale of shares, although at the same time information has emerged about a possible merger between UniCredit and Societe Generale, writes Bloomberg.
Fitch has improved Ukraine’s long-term rating
Fitch Ratings has upgraded Ukraine's long-term issuer default rating in foreign and local currencies from CCC (possible default) to B- (substantially insufficient level of creditworthiness) with a stable outlook.
Credit Suisse surprised by profit
The bank reported a profit of 41 million francs ($42 million) for the third quarter, down 95% compared to the same period last year, Bloomberg writes.
BNP Paribas profit exceeds expectations
The profit of the French BNP Paribas SA in the third quarter exceeded expectations thanks to increased trading in fixed income, writes The Wall Street Journal.
TD Ameritrade and TD Bank will buy Scottrade’s brokerage and banking business for $4 billion
Toronto-Dominion Bank and TD Ameritrade are buying Scottrade Financial Services for $4 billion in a deal that will unite two of the largest US discount brokers, The Financial Times writes.
