Singapore
Nikko Asset Management and DBS Bank join forces
The merger poised to become Asia's largest regional asset manager.
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.
Singapore's DBS, Sri Lanka's NDB to cooperate more in investment banking
A strategic alliance has been agreed that will see DBS and NDB collaborate in equity and fixed income issuances, syndications, project financing and mergers and acquisitions. An MoU has been signed by the two groups.
UBS names Edmund Koh as CEO Singapore wealth management unit
Koh has twenty years experience in financial services including reorganision of Ta Chong Bank.
Banks worldwide set their sights on Asia
As it is predicted to become the dominant center for global trade flows over the next 12 months.
DBS Bank collaborates with NDB Group in investment banking
Their alliance will cover fixed income issuances, syndications, project financing and mergers and acquisitions.
UBS Chief Gruebel faces pressure from Singapore board
Oswald Greubel may be forced to shrink the investment bank after the $2.3b loss from fraudulent trading last week, according to Bloomberg’s report.
DBS Bank to invest S$250m in private banking over the next 5 years
Its new platform targets high net worth individuals with investible assets of S$1.5m and up.
UBS boss Gruebel seeks overhaul of investment banking unit
UBS Chief Executive Oswald Gruebel will pursue an overhaul of investment banking at a meeting with the board in Singapore, after unauthorized trading caused a $2.3 billion loss.
Singapore’s loan growth slowdown may be more severe, warns analyst
FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.
Oracle’s new app supports compliance requirements for Islamic banking products
Oracle Financial Services Basel II enables banks to meet Islamic Financial Services Board Guidelines for capital adequacy.
UOB is the best managed on liquidity risks among the Singapore banks
Its capital buffers are also the highest compared to OCBC and DBS.
Saxo Capital Markets introduces new offshore renminbi
Clients of the firm can now trade the offshore Chinese Renminbi against the US Dollar.
GRGBanking's net profit rose to US$ 42.86m in H1 2011
Its overseas revenue also surged an amazing 591.9% to US$41.96m.
SWIFT and ICC Banking Commission collaborate on enhancement of trade finance tools
They are set to sign a cooperation agreement that will enable the industry-wide adoption of the Bank Payment Obligation, which offers an alternative means of settlement in international trade.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking