Singapore
Citi Singapore unveils automated assessment for debt consolidation
Citi Singapore unveils automated assessment for debt consolidation
The bank will access the customer’s credit profile via API.
CIMB Singapore unveils pet insurance for dogs and cats
Policy plans start at S$74.90 per year.
Standard Chartered enhances corporate offering for digital collection
Straight2Bank Pay aims to simplify the collection process.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
Singapore bans reps from HSBC and UOB over fraud
Their cases involved deception, sales of fake products, and forgery.
Asian Banking & Finance Corporate & Investment Banking Awards 2019 is now open for nominations
Entries will be accepted until 29 May 2019.
Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
Singapore banks lead STI gains with 6.1% rally in April YTD
Their average 2019 YTD total return stands at 8.6%.
OCBC CEO Samuel N. Tsien's salary up 10.42% to $7.90m in 2018
He enjoyed the second highest salary after DBS CEO.
UOB CEO Wee Ee Cheong's salary rose 12.58% to $7.80m in 2018
The bank’s full-year profits rose 18% thanks to loan, card, trade, and fund management fees.
DBS CEO Piyush Gupta's pay rose 15.5% to $8.63m in 2018
The bank’s earnings hit a record high of $3.96b, up 28%.
Bank of Singapore unveils European wealth subsidiary
The private bank opened branches in London and Luxembourg.
ING closes first ASEAN green loan for 50MW rooftop solar projects
The bank is acting as the sole mandated lead arranger for the $36.95m loan.
Weekly Global News Wrap Up: Citi buys $6.4b mortgages from UK bad bank; Goldman Sachs slapped with $45m by UK watchdog
And Wells Fargo CEO Tim Sloan is stepping down.
Chart of the Week: Singapore banks' LDR slows to 104.6% as lending weakens
On the other hand, deposits grew at a near-two year high at 6.3%.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Singapore firms with overseas ties could fall into global regulatory loopholes: Dow Jones
Despite a world-leading compliance regime, firms risk another 1MDB scandal by failing to assess malpractices of external links.
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