private banking

SINGAPORE (June 2): Singapore’s move to shut down scandal-plagued BSI Bank Ltd.’s operations in the country is reverberating through private banks facing surging costs to combat money laundering and protracted screening of new clients.

SINGAPORE ( May 16): Bank of Singapore Ltd, which recently bought the wealth-management units of Barclays Plc in Asia, sees the region’s private-banking industry shifting towards a fee-based model at the expense of the traditional practice of charging r