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Top related persons:
Tharman Shanmugaratnam - 1 Lavanya Ahire - 1 Yantoultra Ngui - 1 Kim Coghill - 1 Clarence Fernandez - 1
Top related locs:
Oversea Bengaluru Singapore
Top related orgs:
OCBC Bank - 1 DBS - 1 Chinese Banking Corp - 1 Monetary Authority of Singapore - 1 Thomson - 1

Search resuls for: "Lavanya Sushil Ahire"


3 mentions found


☆ Singapore's OCBC restores some services after channel disruption
  + stars: | 2023-08-28 | by ( Lavanya Sushil Ahire Anirudh Saligrama | Lavanya Sushil Ahire | Anirudh Saligrama | ) www.reuters.com   time to read: +1 min
SummaryCompanies ATM, branch, card services restored -OCBCBank on standby to deploy additional resourcesLarger peer DBS faced 6.5-hour disruption in MayAug 28 (Reuters) - Singapore's second-biggest bank, Oversea-Chinese Banking Corp (OCBC) (OCBC.SI), restored ATM, branch and card services on Monday after grappling with technical problems that disrupted various banking channels. OCBC, which is also Southeast Asia's second biggest lender by assets, had taken to its social media accounts earlier to warn of the issues that began at 8.33 a.m.Internet banking, mobile banking and Velocity arrangements were still affected, an OCBC spokesperson said in a response to Reuters. "We are on standby to deploy additional resources at branches and extend branch banking hours," the spokesperson added. "Our channels were impacted by a technical problem, affecting consumer and business banking customers." On May 5, the digital banking services of larger peer DBS (DBSM.SI) faced a 6-1/2-hour disruption.
Persons: Tharman Shanmugaratnam, Lavanya Ahire, Yantoultra Ngui, Kim Coghill, Clarence Fernandez Organizations: OCBC Bank, DBS, Chinese Banking Corp, Reuters, Monetary Authority of Singapore, Thomson Locations: Oversea, Bengaluru, Singapore
☆ FTX holds $1.24 bln cash balance ahead of bankruptcy hearing
  + stars: | 2022-11-22 | by ( Dietrich Knauth Tom Wilson | Dietrich Knauth | Tom Wilson | ) www.reuters.com   time to read: +5 min
NEW YORK/LONDON, Nov 22 (Reuters) - FTX has a total cash balance of $1.24 billion, a court filing by advisers on the stricken crypto exchange's restructuring showed ahead of U.S. bankruptcy hearings set for later on Tuesday. Its cash balance as of Sunday was "substantially higher" than previously thought, Monday's filing by Edgar Mosley of Alvarez & Marshal, a consultancy firm advising FTX, said. The details of FTX's cash balances came ahead of a hearing in Delaware on FTX's so-called first-day motions. FTX, led since the bankruptcy filing by new CEO John Ray, has accused Bankman-Fried of working with Bahamian regulators to "undermine" the U.S. bankruptcy case and shift assets overseas. Since the implosion of FTX, some crypto players are taking to decentralized exchanges known as "DEXs" where investors trade peer-to-peer on the blockchain.
☆ Crypto lender Genesis says no immediate plans to file for bankruptcy
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +2 min
Nov 21 (Reuters) - Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. "We have no plans to file bankruptcy imminently. Also, the Wall Street Journal reported, citing sources that the company approached crypto exchange Binance seeking an investment but Binance decided against it, fearing a conflict of interest down the line. Last week, Genesis Global Capital suspended customer redemptions in its lending business, citing the sudden failure of Sam Bankman-Fried's crypto exchange FTX. Crypto exchange Gemini, which runs a crypto lending product in partnership with Genesis, tweeted on Monday that it was continuing to work with the company to enable its users to redeem funds from its yield-generating "Earn" programme.
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