Financial Services
OCBC's profit up 15% to S$577m
Thanks to growth in loan, trade-related and wealth management activities. Profit for the second quarter of 2010 was S$503 million.
OCBC's profit up 15% to S$577m
Thanks to growth in loan, trade-related and wealth management activities. Profit for the second quarter of 2010 was S$503 million.
Great Eastern Holdings’ profit down 26% to S$118m
Weaker quarter-on-quarter earnings were attributed to lower non-par fund profits.
HSBC’s pre-tax profit up 16% to US$6.8b in H2 2011
And Singapore delivered pre-tax profit of US$327.
“The litigation is wholly without merit”: Citigroup
Citigroup’s Singapore unit denied wrongdoing after an 88-year-old partly deaf client claimed he was misled by his banker.
Roles of the modern CFO in Asia
Last month, accountants and finance professionals from all over Singapore gathered at the ACRA Public Accountants’ Conference “Transitioning from...
Does your company have an effective risk transfer program?
Following the global financial crisis, organisations are seeking new ways to reduce costs while still retaining their service and corporate...
DBS sets up US$5bn Euro-Commercial Paper Programme
Proceeds to be used for the general business purposes of DBS and its subsidiaries.
HSBC to cut 25,000 jobs by 2013
And it will exit operations in 20 countries as it looks to save billions of dollars.
Countless credit: Loans in Singapore reached a whopping $374b in June
Guess which sector was in dire need of cash and accounted for 56% of the total loans?
DBS’ trading income volatility set to persist
In Q2 2011, trading income slumped 43% to $146 million.
DBS’s profit up to S$735m
But the second quarter result is only a 2% increase compared to 2010.
MAS and China’s banking regulator ink supplemental MOU
Latest pact addresses the need for greater international cooperation to manage crises.
Corporate shocker: Fitch warns investors on risks from Indian perpetual bonds
Though these bonds invariably have equity-like features, Fitch says they should be treated with considerable caution.
How can persons with special needs ensure financial security?
The Special Needs Trust Company provides trust services to persons with special needs in Singapore, so don't fret.
Hong Leong Finance opens fourth SME Centre
SME Centre@Yishun completes foundation network for SME customer services.
Singapore banks’ loan growth jumped 20% in 5 months
Kim Eng says DBS may profit the most with $719m in 2Q11.
Think tank: Deloitte and EDB launch $10m Data Analytics Institute
The Institute is the second one to be established by Deloitte, joining its flagship facility in the US.
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