Financial Services

Singapore banks’ asset quality to be hit by prolonged Ukraine invasion

Risks related to Russian energy exposure remain the biggest issue for global markets.

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.

Keppel Data Centre Fund II attains $1.48b in funding

It got Asian Infrastructure Investment Bank as its investor.

SGX RegCo questions Metech International shares

The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period.