Financial Services
DBS Bank’s 4Q11 profit seen to slip due to lower investment income
An analyst pencils in close to S$3b profit for the bank due to weaker net income on financial investments.
DBS Bank’s 4Q11 profit seen to slip due to lower investment income
An analyst pencils in close to S$3b profit for the bank due to weaker net income on financial investments.
Don’t celebrate just yet as challenges remain in banking
Cumulative loan growth for the three banks is expected to decelerate to 10% from 27% in 2011.
Holy cow: Narrow money growth of 1.9% yoy in Nov lower than even during the depth of the Lehman crisis
Consumption spending in India has now slowed to a trickle.
Monetary easing in China starting to work: HSBC
Money supply growth is on the rebound and further easing measures are still in the pipeline.
Probe points to skimming operation: DBS
Following unauthorised withdrawals in Malaysia, investigations revealed about 400 customers have been affected.
DBS investigates fraudulent withdrawals
The bank assured customers will be fully compensated for any fraudulent transactions within 24 hours of notifying DBS.
Asia FX appreciation is not necessarily guaranteed: BofA Merrill Lynch
The RMB may appreciate this year, but it's not going to be easy for Asian currencies.
Analyst sees stunted loan growth for 2012
Loan growth this year will be “sharply lower” than DMG Research’s ~30% estimate for 2011.
New posts at Bank Sarasin reflect bullish outlook on China and SEA
The bank will now have a Vice Chair for Client Advisory in Southeast Asia and a banking head for China.
Sakari Resources appoints Chatchawal Eimsiri as Director
Mr. Chatchawal assumed executive positions within the PTT Group and brings experience to Sakari Resources.
Singapore rakes in second highest M&A deals in SE Asia
Can you guess who topped the list with an $18 billion haul?
How will Singapore banks fare in 2012?
The weak economic outlook is casting a shadow over the banking sector.
Bank of Singapore expands management team
Changes aimed to position company for long term growth.
Singapore fourth in Financial Development Index
Guess which topped the index, overtaking the US and the UK.
DBS offers RMB-denominated endowment plan
2.85% yield per annum rests on RMB-vs-USD appreciation in next 5 years.
OCBC Bank appoints Darren Tan as Chief Financial Officer
Mr Tan succeeds Mr Soon Tit Koon who has he has efficiently managed OCBC Bank’s capital.
Asian men easily squander money
It’s the women who have better skills in money management, says MasterCard’s latest survey.
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