trending Market Intelligence /marketintelligence/en/news-insights/trending/pgfeia4_gv1xa_dgtxjkpw2 content esgSubNav
In This List

Pictet & Cie Group unit gets wholesale bank license in Singapore

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Pictet & Cie Group unit gets wholesale bank license in Singapore

Swiss private bank Pictet & Cie Group SCA unit Bank Pictet & Cie (Asia) Ltd. obtained approval from the Monetary Authority of Singapore to operate as a wholesale bank, The Business Times reported March 19.

The new license will allow the bank to provide Singapore dollar services, including deposits and loans, the report said.

Bank Pictet & Cie (Asia) is expected to commence operations as a wholesale bank on April 2. It has been operating as a merchant bank in Singapore since 2004.