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South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).
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Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X and Climate Proof.
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Standard Chartered's investment arm, SC Ventures, has joined a funding round for European crypto-asset exchange One Trading.
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The London Stock Exchange Group (LSEG) has acquired the Veris post-trade processing business and related intellectual property from Axoni. Financial terms were not disclosed.
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Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
More Articles …
- Citi COO relieved of responsibility for data overhaul following $136 million fine
- Northern Trust launches blockchain-based carbon credit ecosystem
- EToro USA to stop offering trading in most crypto following SEC settlement
- Standard Chartered hails pivotal moment with launch of digital asset custody service in UAE
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