Singapore's three largest banks expect wealth management and growing loan portfolios to drive earnings in 2025 after they posted strong earnings growth in the third quarter. Click to read.
Robust outlook for Singapore’s three biggest banks
DBS, OCBC and UOB – reached record highs in November, driven by strong Q3 2024 earnings, which bolstered investor confidence in the local banking sector. Read more at The Business Times.
DBS, ThaiBev, YZJ Shipbuilding and DFI help bring STI above 3,800 points, a 17-year high
This was largely due to intra-day surges by constituents DBS Group Holdings, Thai Beverage Y92 and Yangzijiang Shipbuilding, while other component stocks DFI Retail Group D01, Sembcorp Industries U96 ...
Australia approves US$50 mil investment into Singapore’s Fast-P blended finance initiative
At COP29, the Singapore government pledged up to US$500 million as concessional capital, to match dollar-for-dollar concessional capital from other partners.
Best Credit Card Promotions in Singapore (Dec 2024): Citibank, DBS, HSBC, UOB, and More
This December, it's giveaways galore. Sign up for a credit card and you could walk away with an all-new Porsche Taycan, 1,000,000 Ascott Star Rewards Points, and up to 50,000 SmartPoints. Plus, enjoy ...
Standard Chartered targets USD200 billion in net new money and double-digit wealth growth over next five years
Standard Chartered (“the Bank”) hosted its Affluent Investor Seminar today, unveiling its strategy to accelerate business growth. Bolstered by a USD1.5 billion investment commitment announced in ...
Standard Chartered sets US$200 bil target in net new money and double-digit wealth growth over next five years
Standard Chartered has announced its strategy to increase business growth, with targets to acquire US$200 billion in net new money (NNM) over the next five years. The strategy was announced at the ...
Singapore gets tough on commodity trading practices after series of scandals
The tough sentencing exemplifies how Singapore has tried to crack down on dodgy dealing in its commodities market. It has launched initiatives aimed at digitising the documentation that is the ...
HSBC upgrades LVMH, Hermès to ‘buy’, but sceptical of 2025 turnaround for Swatch, Kering
While there was no growth for the global luxury sector in 2024, HSBC Global Research says it is “time to be positive” on global luxury names, as organic growth looks set to surge in 2H2025.
DBS Hires Private Bankers for Rich Russians as Rivals Balk
DBS Group Holdings Ltd. has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction ...
Yangzijiang’s latest US$2.63 bil order win is ‘Christmas comes early’: DBS
DBS Group Research has described the latest order wins announced by Yangzijiang Shipbuilding as "Christmas came early", as it maintains its "buy" call and $2.88 target price on the stock.
JPMorgan Chase fined $1.8M for overcharging for bond trades by Singapore’s central bank
Singapore’s central bank said Monday it was fined JPMorgan Chase’s (NYSE:JPM) 2.4M Singapore dollars ($1.79M) for failing to detect and prevent misconduct by its relationship managers. The Monetary ...
Singapore’s Fintech Firm WadzPay Reports SGD 50M Investment Commitment from GEM
WadzPay Worldwide, an innovator in the blockchain tech and financial services company, announced it secured a capital commitment of SGD $50M.
Singapore central bank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
Top legislator receives United Overseas Bank leader in Singapore
Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Group Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official ...
HSBC begins search for successor to chair Tucker; ECB’s chief economist urges focus shift to upcoming risks
Under Tucker’s tenure, HSBC achieved record profits, navigated the Covid-19 pandemic, and resisted a shareholder push for a breakup. He oversaw key changes in leadership, including the controversial ...