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24.07.26 - 04:42
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HSBC agrees to US$2 billion deal to sell Singapore insurance branch to Allianz (SCMP)
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HSBC has agreed to sell its Singapore life and health insurance business to Germany's Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to be completed in the first half of 2027, HSBC Group announced on Friday morning before the start of trading.
The disposal is expected to generate a pre-tax gain of US$1.8 billion and boost HSBC's common equity tier 1 ratio by up to 15 basis points, the bank said.
As part of the deal, HSBC Singapore will enter a 15-year exclusive bancassurance......
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15.07.26 - 04:18
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Singapore court denies stay on Byju′s jail term (Times of India)
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Singapore's high court denied Byju Raveendran's request to suspend his contempt sentence. The court lifted temporary protection for the Byju's founder while his appeal is pending. His legal team clarified the hearing focused only on the stay application. The substantive appeal against the contempt finding is yet to be heard. The contempt sentence remains in force unless the appellate court grants interim relief....
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