Singapore
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
UOB grants 30,400 shares to eligible non-executive directors
The share awards are part of the directors’ remuneration for 2023.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
DBS names Ping An Tech’s Eugene Huang as bank CIO
Huang led a team of 22,000 employees in Ping An to provide IT offerings.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
DBS to maintain strong solvency, robust funding: Moody’s
It is anticipated to sustain high profitability with return on assets of around 1.3%.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May
Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.
OCBC remains stable amidst strong credit fundamentals: Moody's
This will be backed by healthy credit standing.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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