Financial Services
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
MatchMove launches cross-border B2B remittance platform
Fees start at $8.9 per remittance.
FWD Singapore warned over data breach
Personal data was leaked through payment advice letters.
MAS rolls out key schemes to bolster SORA adoption
It will issue SORA-based floating rate notes monthly, amongst other plans.
Standard Chartered Singapore unveils online simulators for wealth lending service
It simulates the rate of returns of wealth portfolios.
MAS, NRF, NUS to set up school for digital finance and fintech
It aims to build up leadership and innovation in the region.
Grab Financial floats products under new strategy
These include a micro-investment solution and "buy-now-pay-later" plans.
DBS, IRAS collaborate for digital payment integration
PayNow QR is now a payment option on IRAS' myTax portal.
Singapore bank loans shrink 1% in June despite economy reopening
Consumer loans fall for the 11th straight month.
DBS rolls out digital solutions, portal for retirement needs
The “Map Your Money” dashboard will help visualize the user's future cashflow.
MAS awards SRFB privileges to StanChart, will revamp SRFB framework
Lenders who substantially exceed the SRFB criteria may be allowed to open subsidiaries.
UOB floats Finance Academy for employee development
It allows the bank's Finance team to train in areas like asset and liability management.
Singapore average mortality protection gap hit highest in Asia
Large awareness of life insurance failed to translate to more coverage.
Singapore banks' shares dive after MAS calls for dividend cap
DBS, OCBC, and UOB all recorded declines of more than 3%.
Bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition
It aims to make SORA the main interest rate benchmark for SGD financial markets.
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