Singapore
Tokenisation of bank assets could boost liquidity and risk management in FX
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
UOB signs MoUs to support business expansion across ASEAN
These partnerships aim to enhance trade, investment, and the internationalisation of Singapore enterprises.
Singapore fraud losses rise as APP scams take over
The report revealed human-initiated attacks in Singapore surged by 30% YoY, even as automated bot attacks declined by 27%.
Standard Chartered faces legal battle over $2.7b fraud claims in 1MDB case
The liquidators alleged that it permitted over 100 transfers related to the scandal.
OCBC app enables text resizing in English and Mandarin
About 70% of app screens have been covered in the initial rollout.
MAS proposes revisions to PHS, complex products framework
Investment-Linked Policies (ILPs) will require a PHS under the proposals.
DBS offers cardholder deals, rebates at over 680 retail outlets
These include partnerships with Cold Storage, CS Fresh, and 7-Eleven, amongst others.
Mizuho Bank began streaming prices on SGX FX
The bank aims to offer enhanced service and unprecedented access to real-time market data.
MAS fines five payment firms $960,000 for AML/CFT breaches
These breaches were uncovered during MAS' examinations for compliance.
Citi names Nathan Swami as head of markets for Singapore
Smith Smithangura is retiring by the end of June 2025.
Citi Singapore almost triples wealth transactions after digital revamp
Four of five clients use the bank’s mobile app regularly.
HSBC names Ishan Sarkar as head of WPS, Singapore
He is tasked with driving a differentiated wealth strategy for Singapore.
UOB becomes direct participant of China’s cross-border interbank payment system
UOB will provide one-stop cross border RMB clearing, settlement, and payments.
DBS partners with Austrade to help Australian companies expand into SEA
DBS will provide advisory services, financial planning, and risk management.
SG digital banks expand into investments and loans to boost profits
One problem they face is that many accounts remain inactive.
Singapore's banks leave more jobs unfilled as hiring slows
For every two people who resign, only one post gets replaced.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
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1. DBS and UOB earnings to show impact of SORA, credit costs 2. ANZ rolls out home loan policy changes to aide self-employed Australians 3. DBS’ net profit flat in H1 despite higher tax expenses 4. Hong Kong banks lose top talent with drawn-out hiring steps 5. BRI’s asset quality deterioration have likely peaked: UOBKHResource Center
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