Singapore
Fitch says DBS and OCBC are stable
Fitch's affirmation of DBS and OCBC's stability status reflects the banks' strong credit profiles.
Fitch says DBS and OCBC are stable
Fitch's affirmation of DBS and OCBC's stability status reflects the banks' strong credit profiles.
44% of Asian insurers still optimistic
Some parts of the world may have experienced a global downturn but Asia's insurance business remains largely unaffected by the economic crisis.
Rabobank appoints Philip Lau Southeast Asia M&A Head
Appointee seen to strengthen lender's corporate finance with his 15-year experience.
Maybank Singapore gives away $5mln cash rewards
Pocket Me GIRO intends rewarding customers when they GIRO with the lender.
HSBC appoints Mark Troutman as Head of Sales, Southern Asia, Global Payments and Cash Management
Appointee leads regional team reinforcing commitment to expand Global Payments and Cash Management in South Asia.
Fitch gives CIMB Bank BBB+ rating with Positive Outlook
Upgrades Individual Rating from C to B/C due to improved balance sheet position and earnings.
DBS reduces staff in Islamic banking business
IB Asia suffered $77.1mln loss in 2009 and even planned earlier to cease lending operations entirely.
EMV standards body to host annual user meeting
Forum to provide update on technical advances of the EMV standard and future developments.
DBS mulls adding hundreds of wealth management staff
Lender wants bigger share of private banking market as 23% quarterly profit rise disappoints.
Mark Billington: Accounting standards set for convergence detour?
Several Asian countries, including Singapore, Malaysia, Korea, India and Japan, are currently going through the final stages of adopting International Financial Reporting Standards (IFRS). These are important steps towards achieving the vision of establishing a global set of high-quality accounting standards, as requested by the Group of 20 leaders.
Foreign banks in Asia face dearth of targets
Lenders eager to expand through asset acquisition in Asia but has difficulty finding one.
ATM suppliers in Asia note brisk sales despite global crisis
Consumers want more from their ATMs aside from cash.
StanChart appoints Sean Wallace head of client relationships
Sean Wallace has record performance in accelerating the growth of lender’s Corporate Finance business.
DBS hires Morgan Stanley banker Tan Su Shan
Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.
Council for Third Age & POSB launch Active Card
Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the Active Card.
NCR named global leader in multivendor ATM software
Firm’s comprehensive software portfolio and services capabilities have helped more lenders reduce costs and grow revenue.
Phillip Straley: Capital and liquidity management in the wake of the crisis
The banking industry has been talking for years about what comes after Basel II, even as banks remain focused on ongoing Basel II implementation. Prior to the global financial crisis, the Basel Committee (“the Committee”) and national regulators were already looking at what would come next, particularly in the area of liquidity risk. The crisis clearly highlighted a number of vulnerabilities in capital and liquidity risk management in many banks, and on a systemic basis, which regulators around the world are now busy addressing.
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1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. DBS names Ping An Tech’s Eugene Huang as bank CIO 5. UOB to maintain good asset quality amidst profitability dipResource Center
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1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. DBS names Ping An Tech’s Eugene Huang as bank CIO 5. UOB to maintain good asset quality amidst profitability dipAwards
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Generative AI’s role in the evolution of banking
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future