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Economy

Singapore Bank Authority

Singapore Slaps Nine Financial Institutions with Record Fines Over S$3 Billion Dirty-Money Scandal

Singapore’s reputation as Asia’s cleanest financial hub is under fire after regulators imposed a record S$27.45 million in fines on nine institutions, including UBS and Citibank, for failing to stop a massive money-laundering operation tied to online scams and gambling. Authorities warn this is just the beginning of stricter enforcement across the sector.

Singapore Slaps Nine Financial Institutions with Record Fines Over S$3 Billion Dirty-Money Scandal Lexo / Read »

Trump giving a speech

Trump’s “Big, Beautiful Bill” Sparks Political Firestorm in U.S. Senate: Millions Could Lose Healthcare

In what’s being called one of the most consequential political battles of the decade, the U.S. Senate is racing to debate and vote on a sweeping legislative package backed by President Donald Trump. Dubbed the “big, beautiful bill,” the proposal could radically reshape America’s tax system, social safety net, and federal spending priorities — potentially leaving millions without health coverage.

Trump’s “Big, Beautiful Bill” Sparks Political Firestorm in U.S. Senate: Millions Could Lose Healthcare Lexo / Read »

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