Financial Services

AXA Insurance introduces “SmartClaims” Application on Android

AXA, one of the world's leading insurance providers which launched the first motor claims iPhone application last year in Singapore, now extends the...

AXA Insurance introduces “SmartClaims” Application on Android

AXA, one of the world's leading insurance providers which launched the first motor claims iPhone application last year in Singapore, now extends the...

Insurers attained 45% growth in 1Q 2011

The $460 million weighted new business premiums was spurred by robust sales across all products.

Standard Chartered Bank to offer Yuan deposits this year

EXCLUSIVE: The British bank plans to replicate in Singapore the success of its Hong Kong branch in offering Yuan (CNY) or Remninbi (RMB) deposit...

Islamic Bank of Asia appoints Toby O'Connor as CEO

He will lead the growth of IB Asia by ramping up investment banking, especially capital markets and private equity.

Government payout to swell by 50% in 2011

The government will make special efforts to help low income worker through the Workfare Special Bonus.

Government shells out $2bln for Singaporeans

About 2.4 million adult Singaporeans would have received about $1.5 billion in Growth Dividends and 1.3 million Singaporeans would have received abou...

DBS net profit surged to record $807mln in 1Q11

Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.

MAS imposes civil penalty enforcement action for insider trading incident

The agency penalized Song Qing for purchasing 40,000 Bright World shares after reviewing the translation of draft legal documents regarding China...

MasterCard appoints new senior executives

Ari Sarker, Neel Nilakantan and Ruben Salazar were appointed as Group Head, Global Network Products, Regional Head of Prepaid Products, and Head of...

Maybank Singapore to offer offshore Yuan deposits in 2Q11

EXCLUSIVE: MayBank (Malayan Bank) Singapore will join the race amongst banks to offer Yuan-denominated financial products amid growing appetite for...

AXA Insurance Singapore appoints Chua Kim Soon as Principal Officer and CEO

His key responsibilities will be to maintain AXA's position as the to insurers in Singapore.

HSBC boosts private banking arm with key appointments

Two experienced bankers were tapped as managing directors to lead HSBC's private banking divisions in Asia.

Small businesses included in deposit, policy insurance schemes

The Deposit Insurance Scheme and Policy Owners' Protection Scheme have been enhanced to extend protection to small businesses.

Zeena Dang appointed regional business development manager for 1Cover

The travel insurance firm opened its office in Singapore last October and Ms Dang has spent the last three years working with a global leader in...

Manulife launches two new plans

mPal and mEase cater to customers looking for protection solutions against accidents and critical illnesses.

Singapore will hire most bankers in the world this year: survey

37 % of bankers and hedge fund managers surveyed by recruitment firm said Singapore will add the most financial services jobs in 2011, followed by...

S$ strength could weaken banks’ loan growth:DMG

Overseas assets of Singapore banks will be translated to SGD at less favourable rates.