The Monetary Authority of Singapore (MAS) is more likely to resolve a failing bank by getting equity holders to pay the price than by forcing creditors to accept haircuts, Moody's Investors Service has said in a report. Citing a recent review of the ... ( read original story ...)
Standard Chartered is said to start sale process for private equity unit
Singapore: Standard Chartered Plc, the UK bank with operations across Asia and Africa, is kicking off a sale process for its loss-making private equity unit, according to people with knowledge of the matter. Earlier this month, the bank sent so-called ... ( read original story ...)
Singapore fines Standard Chartered Bank, Trust
The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard ... ( read original story ...)
Standard Chartered hit by fine for money laundering breaches
Standard Chartered has been fined by regulators in Singapore for breaking money laundering and terrorism financing rules. The bank has been fined a total of 6.4m Singaporean dollars (£3.5m) by regulator the Monetary Authority of Singapore (MAS). ( read original story ...)
Standard Chartered Bonus$aver – Here’s How You Can Maximise The Interest Earned On This Deposit Account
This article is written in collaboration with Standard Chartered Bank (Singapore) Limited. All views expressed in the article are the independent opinions of DollarsAndSense.sg Building up savings is an important financial objective for many working adults. ( read original story ...)
Best Standard Chartered Credit Cards in Singapore – Credit Card Reviews 2018
The average Singaporean probably only knows of a couple of Standard Chartered credit cards – the Unlimited Cashback card and Spree card – but SCB actually has quite a number of credit cards on offer (some are either outdated or niche though). ( read original story ...)
Leading Standard Chartered investment banker joins Deloitte in Singapore
As Standard Chartered restructures its Asian investment banking team, Deloitte has nabbed one of its senior bankers in Singapore. https://news.efinancialcareers.com/sg-en/305561/bob-fabriz-standard-chartered/ Tanay Jain, who was responsible for Southeast ... ( read original story ...)
StanChart fined in Singapore for money laundering breaches
HONG KONG: Standard Chartered Plc units were fined S$6.4mil (US$4.9mil) for failing to meet Singapore’s anti-money laundering requirements, less than two years after it was punished for a similar breach in the city-state. The lender’s Singapore branch ... ( read original story ...)
Standard Chartered hit with money-laundering and terrorism fine
Standard Chartered has been slapped with a 5.2 million Singapore dollar (£2.8 million) fine for breaching anti-money laundering and anti-terrorism funding regulations. The fine, meted out by the Monetary Authority of Singapore, relates to transfers from ... ( read original story ...)
Singapore PMI expands 0.3 point to 53 in March
The growth was caused by higher factory output, new orders, and new exports. The March reading of Singapore Purchasing Managers’ Index (PMI) rose 0.3 point from the previous month to record a faster expansion at 53.0. According to the Singapore Institute ... ( read original story ...)
Singapore’s improvements in livability are the ninth best in Asia
Mercer global mobility practice leader in Asia Mario Ferraro told Singapore Business Review ... public transport networks, and broadband and mobile phone connections. “The percentage shown is the difference in the total index between 1998 and 2018 ... ( read original story ...)
Stressed banking professionals in Singapore and Hong Kong struggling to control remote teams
Are regional banking jobs in Singapore and Hong Kong worth the extra stress? https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ Not so long ago, senior back-office managers in Singapore and Hong Kong enjoyed a secure ... ( read original story ...)
Singapore PM’s siblings attack panel’s findings over home at centre of feud
SINGAPORE (Reuters) - The brother and sister of Singapore's Prime Minister on Tuesday said that a ministerial panel's declarations about the future of a home lived in by their late father, the modern island state's founding leader Lee Kuan Yew, were ... ( read original story ...)
Burden of rescuing failed banks in Singapore likely to rest on MAS, shareholders: Moody’s
SINGAPORE - The Monetary Authority of Singapore (MAS) is more likely to resolve a failing bank by getting equity holders to pay the price than by forcing creditors to accept haircuts, Moody's Investors Service has said in a report. Citing a recent review ... ( read original story ...)
UOB launches online travel marketplace
According to an announcement, the platform was built through a partnership with Agoda and Expedia. UOB Singapore head of personal financial services Jacquelyn Tan noted the increasing significance travel shown through their card data which shows that it ... ( read original story ...)
Singapore court imposes hefty fines for Airbnb rentals
SINGAPORE — A court in Singapore on Tuesday fined two men 60,000 Singapore dollars ($45,800) each for breaching laws banning short-term rentals by renting out condominium units through online services such as Airbnb, Craigslist and HomeAway. Terence Tan ... ( read original story ...)