Financial Services
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Chart of the Day: 10% of fund managers' businesses are still unautomated
Asset servicers are less likely to be manual than investment managers.
OCBC opens Wuhan branch
OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.
Can CPF nominations be revoked upon divorce? MOM responds
CPF nominations work like wills and CPF members may still provide for ex-spouse.
Pending tax incentive applications from single-family offices hit 200
Applicants are required to open and maintain an account with a MAS-licensed bank.
Singapore tops cities with most crypto layoffs
Over 3,000 workers in the industry got laid off in a year.
3 factors weighing on credit appetite in Singapore
Systemwide gross loans for commercial banks have declined for three consecutive months.
MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
SG is 10th most crypto-ready market
The Lion City’s crypto adoption rate is 25%.
These banks will highly benefit from China’s early reopening
DBS and OCBC Bank will perform well this year.
Here are the top apps for mobile banking: data.ai
DBS Digibank ranked first amongst the digital banks.
Major banks posted NIM expansion and strong growth in Q4 22
These banks delivered higher than expected dividends.
Yangzijiang Financial posts 80% net profit decline in H2 2022
The company posted $25.6m net profit to the firm's equity holders.
Strong growth for major banks seen: Fitch Ratings
This will be supported by wider margins and well-contained credit costs.
Chart of the Day: Do Singaporeans need help managing their money?
Younger consumers do, according to a YouGov survey.
MAS mandates due diligence and conduct requirements for CF advisers
The central bank said the requirements will allow investors to make informed decisions.
2Y SGS bond ‘attractive enough’ to draw demand: UOB
The June 25 bond was first issued in 2015 but was retapped.
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