Financial Services
Singapore dollar trades in tight range
The US dollar sits at $1.2483 against the local currency.
Singapore dollar trades in tight range
The US dollar sits at $1.2483 against the local currency.
Singapore dollar trades at $1.245
Virtually unchanged, the local currency is expected to remain in a tight range against the US dollar.
OCBC's margin squeeze the worst among Singapore banks
Blame it on a culmination of reduced loan spreads, higher cost of long-term debt, and lower yields on interbank.
Manulife Singapore appoints Nirmala Nair as Chief Legal and Compliance Officer
Nirmala Nair is responsible for the Legal and Compliance functions in Manulife Singapore.
DBS' liquidity not yet a concern: CIMB
But it is gradually diminishing as one of the positives of the DBS franchise, warns the analyst.
You won't believe but banks are facing revenue headwinds
The banking sector's net interest income in 2Q has shrunk for the first time since 4Q09.
Singapore dollar holds firm at $1.245
Many will now be looking to MAS for clues to whether it may shift its policy ahead of its next meeting in October, says IG Markets Singapore.
Singapore joins probe against JPMorgan
The US’ largest bank is now under investigation by at least 11 enforcement bodies.
Singapore dollar trades at $1.245
The local currency could face further pressure after revised Q2 GDP figures were released, says IG Markets Singapore.
UOB net interest margin under mounting pressure
The all-important bank performance and profitability measure could dip another 2bps.
UOB profit surges 3.6% to S$713m
Thanks to robust ASEAN businesses and gain on investments.
Singapore dollar struggles to hold onto gains
Traders have taken on a risk-on sentiment as eurozone issues calm down and US corporate earning perk up, says IG Markets.
UOB's 83-year old chairman Wee Cho Yaw to step down next year
The group assures sensible management transition with a former CEO of Singapore Exhange assuming position.
Slowdown looms as global lending growth drops to 3%
And Hong Kong is in the highest category of macro-risk due to bad lending.
Private sector credit in APAC to reach 148% of GDP by end-2012
The rapidly rising leverage will constrain the banks' upward rating momentum, says Fitch.
Jones Lang LaSalle unveils Secondary Market Bulletin trading platform
SMB is the first of its kind in Asia-Pac for unlisted real estate funds.
Asian banks urged to cut dividends by 50%: Barclays
Dividend cuts will be needed to fund regualtory capital increases.