Financial Services
Financial institutions on the lookout for risks arising from Russia
Financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
Government to block certain Russian banks, financial transactions
It is also imposing export controls on items that can be used as weapons.
UOB to facilitate $3.3b pipeline of investments in Vietnam
This is expected to create 13,000 jobs in the country.
Sabana Industrial REIT bags $150m sustainability-linked loan from HSBC
It comprises a 4-year tranche of $75m and a 5-year tranche of $75m.
Singapore banks’ asset quality to be hit by prolonged Ukraine invasion
Risks related to Russian energy exposure remain the biggest issue for global markets.
ESR-REIT and ARA LOGOS unitholders to discuss proposed merger
The meeting will be held on 21 March 2022.
Great Eastern posts 16% increase in net profit in 2021
This translates to a total net profit of $1.1b.
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
Jefferies sees QoQ bottom line decline for UBS, OCBC, and DBS in 4Q21
Among the reasons for the decline is the weaker non-intertest income of banks.
MAS, IBF list 12 skills and competencies needed in sustainable finance
It covers four thematic and right functional knowledge topics.
Fintech investments reach record-high of 191 deals in 2021
Around $5.3b of investments in the industry were recorded.
MAS slaps $930m additional capital requirements for DBS
This comes after the bank’s digital services went offline in November.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
DBS acquires Citi Consumer Taiwan
The sale had a total cost of $2.2b.
DBS to acquire Taiwan Citi franchise at premium of $956m to $1.06b
The move is set to make the bank the largest foreign bank in Taiwan by assets.
OCBC implements anti-scam measures following increased phishing attacks
One measure is the removal of the clickable links in SMSes sent by the bank.
MAS, Bank Indonesia beef up bilateral cooperation
The institutions will collaborate on payments innovation projects amongst others.
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SG60: What the next 10 years have in store for Singapore’s investment landscape