Singapore Inc faces $12 billion debt scramble

HONG KONG (Reuters) - Singapore companies, highly exposed to slowing global trade and a lacklustre commodity market, face a financing scramble in 2017, as more than US$12 billion of their bonds falls due and banks grow wary of lending to the resources sector. ( read original story ...)

DBS extends Asia private banking push with ANZ assets purchase

SINGAPORE: DBS Group said on Monday (Oct 31) it plans to buy Australia and New Zealand Banking Group's (ANZ) wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat ... ( read original story ...)

DBS to Buy ANZ’s Wealth, Retail Units in Five Asian Nations

DBS will pay S$110 million ($79 million) above the book value of the businesses, which operate in Singapore, Hong Kong, China, Taiwan and Indonesia, the lender said in a stock-exchange statement. The deal will add S$23 billion of wealth assets to DBS’s ... ( read original story ...)