Financial Services
HSBC Singapore floats relief measures for mortgage, credit card customers
The bank has halved the revolving interest rate for up to six months.
HSBC Singapore floats relief measures for mortgage, credit card customers
The bank has halved the revolving interest rate for up to six months.
COVID-19 could drive DBS and OCBC's dividends to over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
AIA Singapore's 2019 operating profit hikes 6% to $813m
Total weighted premium income rose 8% to $4.07m.
OCBC launches cheque encashment service in select ATMs
Customers will be able to encash up to $30,000 in a single cheque in ATMs at 23 branches.
Wirecard to process GrabPay transactions for MSMEs
It will also expand GrabPay to more merchants.
KKR names Chee-Wei Wong as Head of Global Impact for Asia
He will support impact-related portfolio companies across Asia Pacific.
CIMB Singapore plays to its strengths as neobanks loom
The bank is gearing up its tech and customer-employee experience amidst an increasingly tech-centered industry.
Maybank Singapore, Gem Residences unveil access card arrangement
Residents can use a Family & Friends card to access their property.
DBS CEO Piyush Gupta's pay rose 2.28% to $12.13m in 2019
The bank’s total income grew 10% for the period.
Card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
Mapletree Investments clinch $310m sustainability loan from OCBC
The interest rate will be reduced should ESG targets be met.
Singapore most open to financial compliance in ASEAN
The region’s diverse economic developments and different regulators are seen as barriers.
MUFG-Grab deal shows Japanese banks' curiosity in SEA
But Fitch warns it could lead to higher costs and put pressure on profits.
ADB unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
FWD appoints new Singapore CEO
Khor Kee Eng was previously CFO of the SIngapore unit.
Surprise US fed cut to weigh on OCBC's NIM
FY2020F NIM could dip below 1.70%.
Only 1 in 5 of APAC banks has an AML compliance strategy: study
Only 8% have an integrated system or specific executive to report these functions.
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