Singapore

Cloud vs virtualisation: What do bankers prefer?

Cloud vs virtualisation: What do bankers prefer?

HSBC says cloud is a more powerful concept but CIMB warns it still needs to prove its readiness to handle mainstream financial services applications.

HSBC Singapore cuts over 100 jobs

HSBC cut over 100 jobs in Singapore representing just over 3 percent of its 3,000-strong workforce in the city-state.

DBS bids to take over Bank Danamon

If successful, it will be the biggest bank takeover in Southeast Asia.

How to close the budget gap before it’s too late

A key role of the finance team in any commercial organisation is to co-ordinate the annual budgeting or fiscal planning process and then to provide regular updates on progress towards the attainment of that plan.

Islamic banks in Asia, and their differences with their GCC counterparts

The Islamic banking sector is one of the fastest growing segments in global banking, growing at an estimated 15-20% p.a.

To RFP or not to RFP

IBS has recently come out with its Sales League Tables for the year ended December 2011. The analysis has shown that IT vendors concentrating on the APAC market have moved up significantly.

RHB Bank to concentrate on Singapore SMEs

Malaysia’s RHB Bank Berhad intends to fund small and medium-sized enterprises in Singapore to expand its business.

Mobile banking to give cash a run for its money

And who knows, cheques may even become obsolete someday; find out what CIMB's Iswaraan Suppiah and HSBC's John Laurens have to say about mobile banking.

Bankers reveal trend of decentralizing financing decisions in Asia

HSBC’s Laurens and Citi’s Saxena concur that the need for decentralization increases as financial centers move from West to East.

Asian banks step in as EU banks exit trade finance

DBS’ Ken Stratton and Citi’s Ravi Saxena concur that Asian banks are taking up the slack, resulting in greater opportunities and increasing margins.

FATCA triggers concerns on government-to-government reporting

Some European countries already agreed to report to their own government agencies rather than direct to the US government - will Asia follow suit?

Morgan Stanley to do wholesale banking in Singapore

Morgan Stanley’s wholesale banking license allows it to expand its lucrative wealth management business and boost lending.

Singapore’s surging loan/deposit ratio

It increased to 90% in 2011 compared to 82% in 2010.

ASEAN banking system to be adopted

Central banks in the ASEAN will set up an ASEAN bank system.

Specialist business models for asset managers

Although asset management is considered the most consistently profitable business in financial services, there has been extreme volatility in the degree to which individual firms capture profits.

Will RMB soon beat USD as the main currency for cross border trade?

The internationalisation of RMB is providing banks with opportunities to enhance their cash management structures in the face of a USD liquidity shortage - but does a shortage really exist till now?

More loans for Islamic SMEs from CIMB Bank

The Singapore unit of CIMB Bank is poised to expand its Islamic banking operations in a big way.