Financial Services

DBS’ POSB to open branch in community club

The first bank in Singapore to have a branch presence in a community club, POSB will set foot within Zhenghua. Read ››

Singapore amongst exposed to risk of deterioration in the Euro area

Singapore exhibits highest reliance on Euro banks with more than a third or 39% of its GDP are Euro banks' claims. Read ››

Scared Singapore suppliers considering more insurance

The plummeting credit worthiness of European and US partners has forced firms to prepare for the worst. Read ››

Banks' earnings growth to be subdued in 2012

But without a global financial crisis scenario, the bleak outlook in 1H12 should revert positively in 2H12. Read ››

DBS forms a Taiwan subsidiary

It was created as part of a so-called greater China strategy. Read ››

Demand for equities expected to remain structurally weak

Strategists cited prolonged risk aversion, regulatory changes, and deteriorating demographics as factors. Read ››

DBS is analyst’s top pick over OCBC and UOB

Well it’s not surprising as DBS’s ROEs leapfrogged its peers in 3Q in a climate of poor capital markets and low interest rates. Read ››

UOB's profit seen to have increased 10% in 4Q11

An analyst expects the bank to post a S$574m net profit when it announces its 4Q11 results on 24 February. Read ››

Will OCBC’s increased US$ trade finance loans continue?

CIMB expects a loan growth of 6% qoq despite high US$ LDR and a general scarcity of dollar deposits in the system. Read ››

Macquarie Group appoints Alex Harvey CEO of Asia

Mr. Harvey is currently an Executive Director in Macquarie Capital and Global Head of the Telecommunications, Media, Entertainment and Technology (TMET) group. Read ››

DBS seen to post S$700m net profit

But loan growth is expected to slow to 4% qoq. Read ››

Commercial insurance rates seen to surge

Rate increases of over 30% are being experienced in disaster-hit regions across Asia. Read ››

Loan growth to slow significantly to a mere 8% in 2012

This is a depressing figure compared to 2011’s 30.3% growth. Read ››

Finance professionals bearish on job bonuses

53% of respondents expect smaller or no extra compensation for their work in 2011. Read ››

SGX begins offering virtual environments to listed companies

New corporate service offered through new partnership with InterCall Asia Pacific. Read ››

How will the EU bank deleveraging affect Asian credit?

It would probably dry up a source of wholesale FX funding for banks and impede their ability to offer FX loans to clients, and Singapore is not an exception. Read ››

MasterCard expands regional headquarter activities in Singapore

The Singapore headquarters will act as a command and control center for intellectual property management, brand management, and to spearhead and manage regional growth. Read ››

Indian banks burdened with bad loans?

Share of loans restructered could ballon to 8% in the coming year, warns Fitch. Read ››

MAS implements new CRA regulatory framework

Existing Credit Rating Agencies will be given a transition period of 6 months to apply for the required licence. Read ››

OCBC appoints Samuel Nag Tsien as Chief Executive Officer

Mr Tsien is an internal candidate having the right skills, qualifications and experience, to assume the post. Read ››

OCBC appoints Ching Wei Hong as Chief Operating Officer

Mr Ching is expected to further boost the organization’s operations and business capabilities. Read ››

SGX retreats while China Sky lawyer seeks further instructions

Whatever happened during the closed hearing on 16 January 2012 must have worked. Read ››

Behind closed doors: Closed hearing set as SGX sues Chinese firm

The company was described as “so defiant” and “testing the will and limits” of the bourse. Read ››

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. Read ››

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. Read ››

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. Read ››

Monetary easing in China starting to work: HSBC

Money supply growth is on the rebound and further easing measures are still in the pipeline. Read ››

Probe points to skimming operation: DBS

Following unauthorised withdrawals in Malaysia, investigations revealed about 400 customers have been affected. Read ››

DBS investigates fraudulent withdrawals

The bank assured customers will be fully compensated for any fraudulent transactions within 24 hours of notifying DBS. Read ››

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. Read ››

Analyst sees stunted loan growth for 2012

Loan growth this year will be “sharply lower” than DMG Research’s ~30% estimate for 2011. Read ››

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. Read ››

Sakari Resources appoints Chatchawal Eimsiri as Director

Mr. Chatchawal assumed executive positions within the PTT Group and brings experience to Sakari Resources. Read ››

Singapore rakes in second highest M&A deals in SE Asia

Can you guess who topped the list with an $18 billion haul? Read ››

How will Singapore banks fare in 2012?

The weak economic outlook is casting a shadow over the banking sector. Read ››

Bank of Singapore expands management team

Changes aimed to position company for long term growth. Bank of Singapore on Thursday announced that it has expanded its management team to align and strengthen its leadership structure, in view of long term business growth in the coming years. Read ››

Singapore fourth in Financial Development Index

Guess which topped the index, overtaking the US and the UK. Read ››

DBS offers RMB-denominated endowment plan

2.85% yield per annum rests on RMB-vs-USD appreciation in next 5 years. Read ››

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. Read ››

Asian men easily squander money

It’s the women who have better skills in money management, says MasterCard’s latest survey. Read ››