Financial Services
Singapore bank loans shrink 1% in June despite economy reopening
Singapore bank loans shrink 1% in June despite economy reopening
Consumer loans fall for the 11th straight month.
DBS rolls out digital solutions, portal for retirement needs
The “Map Your Money” dashboard will help visualize the user's future cashflow.
MAS awards SRFB privileges to StanChart, will revamp SRFB framework
Lenders who substantially exceed the SRFB criteria may be allowed to open subsidiaries.
UOB floats Finance Academy for employee development
It allows the bank's Finance team to train in areas like asset and liability management.
Singapore average mortality protection gap hit highest in Asia
Large awareness of life insurance failed to translate to more coverage.
Singapore banks' shares dive after MAS calls for dividend cap
DBS, OCBC, and UOB all recorded declines of more than 3%.
Bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition
It aims to make SORA the main interest rate benchmark for SGD financial markets.
MAS extends $82.49b swap arrangement with the US Federal Reserve
The MAS USD Facility offers up to $82.49b of funding to banks.
MAS asks local banks to limit FY2020 dividends
Lenders are called to cap their DPS at 60% of FY2019’s DPS.
Aspire, TransferWise unveils cross-border money transfer service
Businesses using Aspire will now be able to transfer money easily across borders.
Singapore is top pick of financial firms planning to leave Hong Kong: report
Tokyo, Sydney, Taiwan, and South Korea are vying to benefit from Hong Kong's woes.
MAS revokes licence of Apical Asset Management due to serious breaches of law
The regulator also reprimanded the firm's CEO and director Yeh Yin Yee and Bernard Cheok Yin.
SingSaver, Allianz partner for free online banking insurance
The plan protects against fraudulent transactions and device theft.
Reimagining the future of work and the new normal
Singapore is gradually reopening its economy after two months of lockdown, but some of the jobs lost may never return as companies adapt to a “new...
Financial companies start to increase hiring as Singapore returns from the Circuit Breaker
As with all industries, the financial services sector has been rocked by the COVID-19 pandemic. Globally, we are beginning to see what shape the...
MAS, IBF launch skills map for family office advisors
It aims to deepen advisors’ skills, such as in wealth planning.
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