Singapore

Government support to O&G firms brought some respite.

And Russian banks lose $31m in cyber attacks.

The sale will be completed in the second quarter of 2017.

Loans contracted 2.2% YoY in October 2016.

Customers can enjoy US$3.5 off every Apple Pay transaction.

Their salaries are only projected to grow by 3%.

Acquisition this year amounted to $400m.

And Aussie banks can't bypass Apple's in-house payments.

Majority of new NPLs are to oil service companies.

It offers financing of up to 120% of the value of the SME's property.

Commercial banks' minimum capital requirements up from US$67m to US$134m.

It has the largest USD loan exposure at 33%.

Its profits could decline by up to 1.7%.

Citi has appointed Fabio Fontainha ASEAN Head of Consumer Banking, effective December 1. Fabio will be based in Singapore and will report to Anand Selva, Head of Asia Pacific Consumer Banking. Citi’s Consumer Banking heads in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam will report to Fabio. Fabio joined Citi in 1994 as a Management Associate in Rio de Janeiro, Brazil. He has held a number of senior roles, including Head of Consumer Banking in Malaysia, Head of Sales & Distribution and Consumer Investments in Japan and in International Personal Banking for Latin America. Having spent nine years working for Citi in Asia, Fabio returned to Brazil in 2013 tasked with restructuring the retail operation. Fabio is currently the Head of Consumer and Commercial Banking for Latin America. 

And Wells Fargo's new account openings almost halved in October.

It will be located at the Dubai International Financial Centre.