Singapore

DBS wealth management fees to shrink 1.3% in Q4

DBS wealth management fees to shrink 1.3% in Q4

The bank's high-net worth clients are turning cautious amidst the market rout.

UOB launches high street Wealth Banking branch

It aims to cater to the 476,000 emerging affluent customers in Singapore.

Singapore banks shun risky trading over stable fees and commissions

The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.

Chart of the Week: Singapore banks' dividend yields eclipse ASEAN peers at 5.1% in 2019

Such levels are higher than banks in Indonesia and the Philippines.

3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey

Around 13% even believe that fintechs deserve more trust than old-guard lenders.

Foreign players can now buy into Myanmar's domestic banks

They can hold up to 35% stake in local lenders.

Singapore bank loans grow 3% in December

Business lending grew to 4.1% even as loans to consumers softened.

APAC's asset and wealth managers to hit US$29.6t in AUM by 2025

Shanghai is set to rise as an AWM hub along with Singapore and Hong Kong.

APAC banks feel left behind by Western peers in AI: survey

Two in five believe that lack of available talent is holding them back.

Singapore banks rev up tech hiring to plug digital vacancies

A fifth of job postings are for employees with digital skills.

Singapore banks grapple with tepid margins in 2019

Net interest margins are set to rise by 3-5bp.

Singapore banks' loan growth to grind to a halt at 0.5% by end-2019

Mortgage loans and business-related loans are caving under pressure.

Singapore mortgages slow sharply as sentiment sours

Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.