Singapore
DBS named as SEA’s most profitable bank
DBS ranked as the 10th largest company in terms of revenue in Fortune’s SEA 500 list.
DBS named as SEA’s most profitable bank
DBS ranked as the 10th largest company in terms of revenue in Fortune’s SEA 500 list.
OCBC’s final offer for Great Eastern squeeze out at S$25.6 per share
Closing date has been extended to 12 July.
Evergreen Group obtains financing license to expand in Malaysia
With the license, the company can fund affordable housing for civil servants.
DBS targets $370b in wealth assets by 2026
DBS saw a 23% increase in wealth assets in 2023.
MAS and BIS launch blueprint for climate risk data platform
The platform integrates regulatory and climate data from corporate disclosure documents.
UOB and EnterpriseSG launch sustainability-linked financing programme for SMEs
The programme will help SMEs reduce sustainability-linked costs by 85%.
OCBC Ignite aims to double poly graduate intake
Only 3% of graduates join the financial sector full-time permanently.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
ANEXT Bank boosts cross-border transactions sixfold
About 69% of its customer base are micro businesses.
HSBC Singapore to open three wealth centres by 2025
The bank aims to boost client-facing roles by more than a third by 2028.
JCB and Mandai Wildlife Group offer 50% discount to cardholders
The ticket covers three parks, including Singapore Zoo.
Maybank SG offers boost to charities with special rates, network opportunities
Charities in the city may also avail of an interest-free grant of up to SG$150,000 (US$111,000)
Bank of Singapore appoints first chief portfolio strategist
Owi Ruivivar’s role will boost asset allocation strategy.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Bank of Singapore forms CIO advisory council with Goldman Sachs, BlackRock execs
The 8 members have reportedly weathered the 2008 GFC and the 2020 pandemic downturn.
Singapore HNWs says current investment returns have “room to grow”
Almost 1 in 2 are frustrated from their portfolios’ “generally underwhelming” performance.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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