Singapore

JP Morgan's earnings may drop 2%

This despite the bank's four straight quarters of beats, according to a Reuters report.

JP Morgan's earnings may drop 2%

This despite the bank's four straight quarters of beats, according to a Reuters report.

DBS beefs up debt issuance program to $15bn

The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.

Maybank Singapore to launch all-in-one Mastercard

Maybank’s Platinum Debit MasterCard will allow cardholders to pay for public transport and purchase items at over 15,000 retail points.

Singapore central bank to continue 'judicious management' of its currency

The Lion City expects its economy to probably expand at a slower pace in the next few years, according to a Bloomberg report.

Global regulators to force banks to increase liquid assets

The Basel group plans to put uniform implementation of the Basel III reforms at the top of its agenda, according to a Reuters report.

Nikko Asset Management acquires DBSAM Singapore for SGD 137m

DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM.

UBS appoints Mike Stewart as global head of equities

Mr Stewart steps in after the resignations of Francois Gouws and Yassine Bouhara as co-heads of Global Equities.

DBS to slash Singapore dollar deposits rates

Lending activity has started to ease off as banks become more careful.

OCBC woos customers defecting from French banks

The lender wants to gain share from defectors who withdrawn billions of their investments from French lenders.

Assets under management soars 76% in leading Asia-Pacific banks

Citi surpasses UBS as the leading high net worth wealth manager in Asia-Pacific according to a Private Banker International report.

UOB plans doubling cross-border business lending

The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.

Group CEO Oswald J. Grübel resigns from UBS

Sergio P. Ermotti will take up the position of Group CEO on an interim basis.

UBS expects positive net profit in Q3 2011 despite unauthorized trading fiasco in September

The bank will report a gain on the sale of treasury-related investments of approximately CHF 0.7 billion in Wealth Management & Swiss Bank.

Nikko Asset Management and DBS Bank join forces

The merger poised to become Asia's largest regional asset manager.

Safer and secure ATM transactions in Asia

ATM cards, especially those using magnetic stripes, are increasingly being exposed to sophisticated fraud attempts during transactions. Fraudsters are getting more intelligent and creative in devising methods to obtain users’ Personal Identification Numbers (PIN) and data stored in the ATM cards’ magnetic stripe.

Three steps to winning the confidence game in Asia

Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of 5,000 consumers in six Asia-Pacific countries. With markets exhibiting roller coaster like volatility, it is no surprise tha wealth management firms across Asia Pacific see an opportunity to rebuild client trust by demonstrating the value of their advice. Indeed, wealth management firms know they will struggle to meet their aggressive revenue growth goals without client confidence in their advisory propositions.

Give the currency market some thought

You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Singaporean dollar for that weekend getaway to Malacca to owning the stock of a multinational corporation, it is nearly impossible not to be involved in some way in the US$4 trillion (S$4.85 trillion)-a-day global foreign exchange (forex) market.