Singapore
Big three banks' wealth income expanded 18% in FY2019
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
Weekly Global News Wrap: Goldman Sachs asks clients to skip New York meet; StanChart 2019 profits up 46%
And Italy’s Intesa Sanpaolo hires global banks as advisers in suprise takeover bid.
COVID-19 to hit banks in ASEAN's tourism-reliant countries
Local lenders in Singapore and Thailand are at most risk.
World Bank launches $12b COVID-19 package for developing countries
It aims to strengthen countries’ health services and support the private sector.
OCBC enables instant car loan approvals
It only takes 60 seconds to approve a loan.
Maybank, ING top creditors of embattled trader Agritrade
The Singapore-based commodity trader owes $303.11m to the two banks.
BEYOND partners with OneConnect to create digital banking services in Singapore
OneConnect is an associate of Ping An Insurance, which has a virtual bank license in Hong Kong.
DBS closes first trade finance deal on TFP worth $4.8m
SMEs can access trade finance solutions from different banks in a single platform.
Singapore banks face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
Credit card revenues threatened as Singaporean travellers shun usage
Card users turn to cash as they steer clear of lofty transaction fees and poor exchange rates.
DBS launches portfolio advisory tool for managing investments
It generates an assessment of a client’s portfolio in less than five minutes.
CIMB Singapore announces new measures for coronavirus-hit firms
Tourism-related firms are eligible for a $1m loan with a 5% interest rate.
Weekly Global News Wrap: CEO changes bring in new age of European banking; Wells Fargo pays $3b settlement for fraudulent sales
And JPMorgan confident that it could withstand economic stresses.
Singapore central bank warns of fake calls impersonating staff
It stressed that it would never ask the public for personal or bank information.
DBS converts $758m bank guarantee facility into green facility
Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.
Singapore's fintech investments hit $1.21b in 2019
It is now the fifth biggest fintech market in APAC.
DBS Group prices $1.4b issue at 3.3%
The deal is said to bear the lowest coupon for any AT1 USD deal in the world.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?