And yet, as Singapore prepares to implement the Basel Committee on Banking Supervision’s Fundamental Review of the Trading Book (FRTB) during 2024, UOB is set to become the first Singaporean bank to ...
DBS, OCBC raise fixed home loan rates to up to 4.3%: What home buyers need to know
This comes after HSBC raised the fixed rates for its 2-year and 3-year home loan packages to 4.25% on Nov 8. Read more at straitstimes.com.
DBS, OCBC raise interest rates for fixed home loans to up to 4.3%
DBS, Singapore’s largest lender, has four fixed rate packages available, ranging from two years to five years. All four are set at 4.25 per cent per year. OCBC one-year and two-year fixed rate ...
Xi’s crackdowns drive Chinese billionaires to booming Singapore
One of the hottest wine bars for Chinese billionaires isn’t atop a Shanghai office tower or within a Beijing courtyard house. It’s in a modest black-and-white bungalow next to a six-lane thruway in ...
Piyush Gupta might be banking’s boldest boss
Buying bits of a bank is complex at the best of times. When it involves one of the planet’s most highly charged territorial disputes, it takes a truly daring chief executive to take the plunge. Piyush ...
HSBC Singapore opens new HQ
The new office will house 4,000 employees. HSBC Singapore has officially opened its new head office at Marina Bay Financial Centre Tower 2. The 140,000 square feet office is located on the top floors ...
Fixed home loan rates in S’pore top 4% with latest hikes from DBS, OCBC
DBS is offering a rate of 4.25% with tenors of 2 to 5 years, while OCBC has 1 and 2-year fixed rates packages at 4.3%. Read more at straitstimes.com.
DBS maintains ‘buy’ on FLCT on the back of healthy portfolio fundamentals and positive rental reversions
After accounting for weaker foreign currencies and higher financing cost assumptions, the analysts have revised their TP to $1.55.
Singapore Bourse Due For Profit Taking On Tuesday
(RTTNews) - The Singapore stock market has climbed higher in seven straight sessions, improving almost 160 points or 5.1 percent along the way. The Straits Times Index now rests just above the ...
Will bulls pull Nifty to new 52-week high or bears to come back? Key things to know before market opens
Trends in the SGX Nifty hinted at a flat to positive start for domestic equities as Nifty futures were trading marginally higher at around 18,405 levels on the Singapore exchange.
Inox Green Energy IPO: Latest GMP on the last day of subscription
As per market observers, Inox Green Energy shares are commanding a premium (GMP) of 4 in the grey market today. The shares of the company are expected to list on the stock exchang ...
Credit Suisse Cuts Senior Bank Jobs in Asia as Overhaul Begins
Credit Suisse Group AG has started cutting senior bank jobs in Asia including three managing directors across investment banking and financing as the Swiss giant carries out its plan to reduce global ...
Commentary: Our seniors are ready to bank online. Are Singapore’s new digital banks ready for them?
At DBS, almost a third of the 100,000 customers who activated their online spending services between February and April 2020 were above 50. People use the automated teller machines at a terminal of ...
New digitally-enabled MBFC headquarters marks a new era for this bank
as it sees Singapore as the nexus for cross-border collaboration in Southeast Asia across wealth management as well as wholesale banking. In line with this, the Bank is expanding its health and wealth ...
DBS profit soars to record, flags risks of rising rates to growth
DBS Group reported a forecast-beating 32% jump in quarterly profit to a record high as banks rake in the benefits of higher interest rates, but Southeast Asia's largest lender cautioned on the ...
Singapore keen to invest in economic zones
The Singapore Business Federation (SBF) and Enterprise Singapore, leading organisations of the country's business community, have expressed their interest in investing in the economic zones of ...