Financial Services
Prudential to pay $100 to customers hit by GIRO deduction
Customers can expect it to be credited to their accounts by 3 June.
Prudential to pay $100 to customers hit by GIRO deduction
Customers can expect it to be credited to their accounts by 3 June.
OCBC rolls out financial advisory and lifestyle programme for elderly
It will train seniors on e-payments amongst other activities aimed at safeguarding their future.
MAS commits to Foreign Exchange Global Code
The code promotes a robust, fair, liquid, open, and transparent FX market.
HSBC integrates personal information vault into credit card application process
Applicants won’t need to provide supporting documents anymore.
Losses loom for Singapore banks as Hyflux struggles to stay liquid: Moody's
Half of the embattled firm’s debt comes in the form of unsecured bank loans.
MAS slaps warning on ICO issuer and 8 digital token platforms
They violated MAS' regulations on registration.
OCBC to roll out fingerprint-based credit card payments
This eliminates the need for multiple payment devices.
MAS to expand regulation of trade exchanges
It wanted to give way to new business models like blockchain and P2P trading.
Chart of the Day: Banks prefer customer deposits to current and savings accounts
Deposits to current and savings accounts jumped 9-13 ppts over 10 years.
Singapore's wealth management business dominates Asian competition
It’s favoured for its stability, but Hong Kong could beat it soon due to the growth of Chinese wealth in the area.
UOB reportedly halting foreign currency banknote supply in Taiwan
The move comes amidst tighter anti-money laundering rules in the region.
MAS bans six persons from financial advisory after misselling products
Their crimes involved forgery and making false financial advice, amongst others.
HSBC Insurance rolls out digital insurance platform
It currently offers two life insurance solutions.
MAS shakes up banks' reporting standards
It will require data collection of RMB business activities and deposit rates to be rationalised.
Singapore private banking bonuses up by as much as 7% in 2017
Gone are the days of pure cash bonuses as bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares.
This Singapore bank is best-placed to cash in on the property boom
It has the greatest percentage share exposure to housing loans at 27.6%.
Property pickup buoys Singapore banks' glowing growth prospects
Housing and bridging loans are expected to receive a boost from the price boom.
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