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30% of Singaporeans to have digital bank accounts by 2023
30% of Singaporeans to have digital bank accounts by 2023
In 2022, the percentage of adults who have a digital bank account climbed to 21%.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
South Korea regulator calls for banks to intensify loan assessment: report
Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.
Singapore’s credit, charge card payment market to grow 6.5% through 2025
The value of debit card payments will grow by 7.2% in 2022.
Chart of the Week: APAC investment bank fees down 9% in H1
ECM fees fell 42% after a record-setting 2021.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.
MUFG sells shares in Hong Kong’s Dah Sing Bank
MUFG’s predecessor Sanwa Bank had bought 13% of DSFH shares in 2000.
DBS Hong Kong launch Green Mortgage
Customers can earn cash rebates of up to 0.1% upon successful application.
Public Bank raises lending rate, fixed deposit rate by 0.25%
This follows after the local regulator raised its policy rate by 25 basis points.
OCBC, Standard Chartered complete 30-year SORA OIS trade
The 30-year SORA OIS trade was the first transaction cleared by LCH.
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
Singapore big three banks poised for earnings growth
UOB, OCBC, and DBS have strong non-interest incomes.
DBS appoints ex-Vickers HK CEO as head of private banking, Greater China
Carol Wu has been with DBS for 14 years.
Crédit Agricole CIB announces new senior hires for APAC
The hires are for the Debt Origination and Advisory department.
1 in 10 Singaporeans defer loan repayments
Majority plan to boost investments and savings.
1 in 5 affluent Singaporeans defer loan repayments, mull switching banks: survey
Over 40% of mass affluent bank customers saw their incomes decrease.
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
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