Financial Services
Asia Pac wealth management industry's IT spending to top $4.6b by 2015
Ovum predicts a growth rate of 8% over a five year period.
Asia Pac wealth management industry's IT spending to top $4.6b by 2015
Ovum predicts a growth rate of 8% over a five year period.
OCBC’s net interest income set to be ‘unexciting’
DMG is forecasting OCBC's 2Q11 net profit to be S$607m, a 3% QoQ decline.
NETS launches payment collection solution for small businesses
iNETS QuickPay aims to convert S$16 billion worth of paper payment transactions to electronic payments.
UOB to grow private bankers headcount fivefold
The lender currently has only 40 private bankers.
DBS’ earnings to drop 10% in 2Q11
CIMB expects the bank’s earnings to total S$727m.
MasterCard appoints Philip Yen as emerging payments group head
He will be responsible for driving product strategies to ensure maximum penetration of market segments and working with customers to identify...
UOB to set up $400m US property fund
The bank is partnering with UK asset management company Hermes.
DBS Bank launches account for start-ups
DBS can now lend support to over 50,000 companies established in Singapore each year.
High levels of fraudulent car insurance claims proving challenge for insurers
The motor insurance industry has seen steady losses over the last few years and this is an area that general insurers face challenges in, said...
ICAP appoints Mark Price as chief operating officer
He will have overall responsibility for Risk, Compliance and Human Resources and provide management oversight of ICAP’s Information Technology...
What you need to know about the new OCBC Wealth Panel
You now have 6 leading financial experts to address your investment dilemmas.
DBS Bank enters MAS bilateral currency swap
This agreement between the central banks of Singapore and China will be used to provide financing to a Singapore-based commodities company exporting...
HSBC appoints Rohit Joshi as Head of Global Payments and Cash Management
Rohit was previously the Managing Director of HSBC Bank Limited.
OCBC Bank prices A$500m of senior unsecured notes
The notes have been rated Aa1 by Moody’s, AA- by Fitch and A+ by Standard & Poor’s.
China’s benchmark deposit rates shoots to 6.56%
Benchmark lending rates have also been raised to 3.5%.
StanChart sued in Singapore for $2m
Thai businessman Chatchai Yenbamroong claims the bank gave him negligent and fraudulent investment information.
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
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