Shares in Singapore banks fell in early Thursday trade after the central bank asked local banks to cap dividends this year to conserve capital and increase lending capacity amid an uncertain economic ... ( read original story ...)
Standard Chartered Planning Several Hundred Job Cuts Worldwide
Standard Chartered Plc is set to begin a new round of job cuts, joining rivals such as Deutsche Bank AG and HSBC Holdings Plc in restarting reductions put on hold at the outset of the pandemic. ( read original story ...)
Troubled Hin Leong’s owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block creditor OCBC's request to appoint overseers for the family's Xihe Holdings and four other ... ( read original story ...)
Court hearing on OCBC’s judicial management application for Xihe Holdings adjourned to Aug 13
A High Court hearing for OCBC Bank's application to bring the Lim family-run Xihe Holdings and four of its vessel-owning units under judicial management has been adjourned to Aug 13.. Read more at ... ( read original story ...)
Singapore Asks Banks to Restrict Their Dividends
Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered ... ( read original story ...)
HSBC, Standard Chartered results likely to be hit by loan loss provisions once again, analysts say
Analysts expect HSBC and Standard Chartered to report a combined US$3.4 billion in loan loss provisions for the second quarter. ( read original story ...)
UPDATE 1-Hin Leong owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's ... ( read original story ...)
Citi PremierMiles Card – MoneySmart Review 2020
Best Citibank Credit Cards in Singapore – Credit Card Reviews The Best Air Miles Credit Cards in Singapore Cashback vs Air Miles vs Rewards – Which credit card is best for you? The post Citi ... ( read original story ...)
Southeast Asian IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic ... ( read original story ...)
Asean IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic ... ( read original story ...)
Ant’s IPO Bonanza for Silver Lake, Warburg, Carlyle
A raft of U.S. private equity firms backed by the country’s largest endowment and pension funds stands to reap big gains from Ant Group’s highly anticipated initial public offering, even as U.S. ( read original story ...)
Mindspace Business Parks REIT IPO oversubscribed on day two of bidding; issue closes today
Mindspace Business Parks REIT initial public offering (IPO) enters its third and final day today after being subscribed 1.23 times by investors so far. ( read original story ...)
Best 3 ASX stocks to watch in August 2020
ASX 200 rebounds, opportunities remain according to analysts. Australian equity markets have performed strongly in the last three months – with the ASX 200 benchmark rising over ... ( read original story ...)
DBS to pilot facial recognition tech to get more customers to sign up for digital banking
DBS bank customers who have resisted signing up for a digital banking account due to the hassle may now have a reason to go over to the other side.. Read more at straitstimes.com. ( read original story ...)
Face verification technology to allow SingPass holders to sign up for DBS digital banking services using a selfie
SingPass holders will be able to sign up for DBS' digital banking services by taking a picture of themselves through the use of face ... ( read original story ...)
Asia’s best bank 2020: DBS
The best banks in the world are honoured in Euromoney's annual Awards for Excellence. Find out who deserves to be recognised as the world's best banks – including best investment banks and best ... ( read original story ...)