Financial Services
South Korea to conduct inspection of foreign exchange trading among banks
This is amidst growing concern about the extent of the KRW appreciation.
3 ways for businesses to weather financial woes
Yet again, the dark clouds of recession loom over the global economy. Growth forecasts are being cautiously rolled back and businesses worldwide are...
CLD Hospitality Trusts suffer 1.17% dip in profits
Gross revenue also slid.
IE Singapore launches Political Risk Insurance Scheme
This will aid Singapore-based firms when they go global.
Singapore dollar sits at $1.2212
The local currency was unchanged as FX traders decided not to take on more bets.
Fears of profit losses escalate for Singapore banks
Macro headwinds will be the culprits.
UOB will suffer biggest earnings decline among Singapore banks
OCBC's second, DBS third, says Maybank.
UOB must brace itself for profit loss
A 6% decline looms.
Singapore traders in trouble
UBS and RBS have suspended traders in Singapore, says Bloomberg.
US dollar sits at $1.2211 against the Singapore dollar
The GDP figures did little to move the USD/SGD currency pair.
OCBC to suffer from rising earnings headwinds
Blame it on lower loan growth and margins.
Don't be shocked if banks sell more non-core investments: Barclays
They are preparing for Basel III.
Singapore banks brace for upward pressure on staff costs
But cost/income ratio stands at 43-44%.
MAS' latest cooling measures affect 10% of new mortgage applications
Guess which bank was the most aggressive in the market?
Ong Pang Boon retires as Singapura Finance Lead Independent Director
At 83, Mr Ong finally quits post after holding it for 27 years.
This graph strikingly shows banks are going to take a deep dive
Weak momentum is here to stay.
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