Financial Services
What you need to know about Royal & Sun Alliance Insurance’s new hires
RSA has new senior management appointments in its Specialty unit across Asia & Middle East.
What you need to know about Royal & Sun Alliance Insurance’s new hires
RSA has new senior management appointments in its Specialty unit across Asia & Middle East.
OCBC’s lending grows 9% in 2Q11
DBS expects loan growth to moderate in 2H11, with 2011 loan growth guided at 20-21%.
No go loan zone: Loan growth to slow in second half 2011
Singapore banks recorded 2Q11 sequential loan expansion of between 7% and 10% won’t last for long.
MasterCard appoints Debra Janssen as managing director
She will manage MasterCard’s Access Prepaid Worldwide subsidiary, effective immediately.
UOB’s net profit up 3.8% to S$636m in 2Q11
Loans expanded 7%QoQ and was largely driven by financial institutions.
Global companies struggling to comply with tax rules
And 64% of the world’s largest companies experienced unplanned tax audits within the past year.
DBS appoints Tam Thye Hung as Head of Global Transaction Services in Indonesia
Tam is taking the place of Stephen Lee Kiang Wah, who is now Senior Vice President, Trade Product Management Team, GTS, in Singapore.
Show me the money: Financial services sector expands 10%
The sector gained from increased domestic and offshore lending activities in the second quarter.
Beating banks: Indonesia’s non-bank institutions to buy most government bonds
Non-bank financial institutions could absorb 30-35% of the projected supply between now and 2016.
HSBC appoints Paul Arrowsmith as Head of Retail Banking and Wealth Management
He will be reporting to Alex Hungate, General Group Manager and CEO in Singapore.
StanChart’s income reaches a record US$1.094b
The bank's operating profit also increased 11% to a record US$465 million in the first half of 2011.
Changes loom for the Stamp Duties Act
A public consultation is being conducted until 23 August.
Life insurance sales surge 38% in H1 2011
The industry’s new business premiums amounted to a whopping $941.5m.
OCBC's profit up 15% to S$577m
Thanks to growth in loan, trade-related and wealth management activities. Profit for the second quarter of 2010 was S$503 million.
Great Eastern Holdings’ profit down 26% to S$118m
Weaker quarter-on-quarter earnings were attributed to lower non-par fund profits.
HSBC’s pre-tax profit up 16% to US$6.8b in H2 2011
And Singapore delivered pre-tax profit of US$327.
“The litigation is wholly without merit”: Citigroup
Citigroup’s Singapore unit denied wrongdoing after an 88-year-old partly deaf client claimed he was misled by his banker.
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