Financial Services

Ernst & Young appoints Lim Hwee Hua as a global independent non-executive

Mrs. Lim was a former Singapore Minister in the Prime Minister’s Office.

Ernst & Young appoints Lim Hwee Hua as a global independent non-executive

Mrs. Lim was a former Singapore Minister in the Prime Minister’s Office.

UOB’s profit slumps 18% to S$522m in Q3 2011

You can well blame it on poor trading and investment income.

OCBC profit down 10% to S$513 million in the third quarter

Blame is thrown at the volatility of the financial markets which had an adverse impact on the bank’s trading income.

41% of rich Singaporeans seek investment advice from relatives over financial advisors

Looks like blood is truly thicker than water when it comes to investment decisions.

“Sorry, but I work alone”: Singapore’s wealthy

Looks like banks and investment houses have to work extra hard as 85% of rich Singaporeans prefer to make investment decisions on their own.

DBS profit up 6% to S$762m

Loans increased 10% during the third quarter to S$186b amidst broad-based corporate borrowing across the region.

Not so great: Great Eastern profit down to S$40.4m

It’s a plunge from last year’s third quarter profit of S$168.6m.

OCBC reprimanded for its failed online and branch banking systems

OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network...

MAS lifts operational risk multiplier imposed on DBS

DBS was censured by MAS last 5 July 2010 after the service outage of its online and branch banking.

Financial crime does not pay in Singapore: MAS

Managing Director Ravi Menon warned there will be severe consequences faced by financial criminals.

NETS appoints Jeffrey Goh as CEO

Jocelyn Ang was also appointed as chief operating officer.

AXA and Bank Mandiri acquires Asuransi Dharma Bangsa

Joint acquisition made possible with AXA’s partnership with Bank Mandiri since formation of AXA Mandiri Financial Services, a life insurance...

Here’s what you can expect from Singapore banks: CIMB

The analyst has bleak expectations for the banks, but will their expectations hold true when DBS, OCBC, and UOB release their 3Q11 results next week...

More than half of Singaporean families don’t have life insurance

It seems like Singaporeans aren't thinking too far ahead in the future.

Are Asians ready for retirement?

In Singapore, it's the men who are planning for retirement.

Meet BNP Paribas Wealth Management’s new senior appointees

Vincent Koo is the new Regional Head of Wealth Management Compliance based in Singapore.

NTUC Income provides members with personal accident response team

Now NTUC’s Orange Force is available 24/7 to assist you if you ever get caught in an accident.