Financial Services
Singapore dollar sustains gains
The local currency started the week testing the $1.24 level, says IG Markets Singapore.
Singapore dollar sustains gains
The local currency started the week testing the $1.24 level, says IG Markets Singapore.
Economic slowdown to impact DBS’ loan growth
Management now expects growth of about 10%, down from 13%, partly due to decelerating trade finance business.
OCBC's deteriorating asset quality finally recovers
Absolute non-performing loans declined 13% in 2Q12.
Two reasons why DBS hit record profits in 1H12
Limited asset-quality problems and cost controls overshadowed slower revenue growth.
Southeast Asian banks must brace for economic slowdown, warns analyst
How susceptible will Singapore banks be?
Agressive regional expansion by banks fraught with risks
S&P warns banks in Singapore, Hong Kong, and Malaysia from overly agressive expansion that could weaken their credit profiles.
Singapore dollar loses some ground to the greenback
Currency traders had been stocking up on Singapore dollar ahead of the European Central Bank’s meeting, says IG Markets Singapore.
DBS profit up 10% to S$810m
Net profit grew in the second quarter from a year ago as total income rose 6% to S$1.94 billion.
OCBC net profit up 12% but loan growth outlook lowered
The bank posted better-than-expected financial results in 2Q 2012 yet was forced to peg down loan growth guidance to single-digits from low-teens.
DBS appoints Derrick Goh as POSB Head
Derrick Goh will take over effective 1 October.
Standard Chartered Bank pulls profit up 17%
This surge results to a whopping income of US$1.162 bn.
OCBC appoints Raymond Chee as Managing Director of OCBC Securities
Raymond Chee will take over starting 6 August.
Don't be fooled by OCBC's 2Q12 results, warns analyst
OCBC posted overheads growth of 6% qoq on higher staff costs.
Singapore beats UK, HK in merging & acquisition index
But guess which country is billed as most attractive M&A market.
Singapore dollar remains at $1.2477 against the greenback
The US dollar faced some weakness heading into the Fed’s meeting, says IG Markets Singapore.
OCBC hits record 23% profit surge
Thanks to robust trading and insurance revenue from Great Eastern Holdings.
OCBC's 2Q12 earnings likely to disappoint, warns analyst
The strong trading profits recorded in 1Q12 are unlikely to repeat this time.
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