Singapore
Singapore banks' trading print to offset lower interbank rates
Singapore banks' trading print to offset lower interbank rates
Loan growth for the major banks are likely to be 1-2% QoQ.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
UOB, digital firm Getz to help Singapore F&B merchants build online presence
Merchants will only need to pay capped transaction fees.
Citi APAC's virtual campus gets over 4,000 sign-ups
Outstanding students may be contacted for permanent or internship roles.
Only one in APAC's 50 biggest banks was prepared for a pandemic
Only Sumitomo Mitsui Trust Holdings identified a pandemic as a key risk to business operations.
APAC banks to account for 60% of global credit losses over 2020-2021
Credit losses are likely to peak by end-2021 and recover by 2023.
Weekly Global News Wrap: Central bankers push to drop Libor by end-2021; Wells Fargo posts $2.4b Q2 loss
And regulators race to enact cross-border payment rules to counteract Facebook.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
Business activities and consumer spending will further fast-track the growth.
SFA collaborates with AMTD to support local fintech industry
They will jointly establish a five-year fellowship programme for the most innovative fintechs.
Taxing environment weighing down on ASEAN, Indian banks
Government support will offset but not fully eliminate the pressure.
Banks seek trade finance revamp after billions in losses: report
Lenders are struggling to reclaim loans as big traders trick banks with empty promises.
Mastercard, Visa, payment networks launch online checkout solution in APAC
Customers need only to “click to pay” for their web purchases.
Standard Chartered to add six Asian markets to IBOS network
Both parties will eventually expand to other markets where the bank operates.
Eight in 10 Singaporeans will stick to online banking after the pandemic
Almost 70% of those aged 54 and above have grown comfortable to online banking.
Weekly Global News Wrap: Britain, EU must settle financial market access; HSBC to slash 255 jobs in France
And embattled payments firm Wirecard attracts potential buyers.
AMTD Digital to acquire stake in FOMO Pay
This is AMTD Digital's third controlling acquisition in Singapore's fintech sector.
Fintech soCash expands network with Sheng Siong, Prime partnership
Customers will be able to withdraw cash from 82 supermarket branches across Singapore.
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