UOB has hired a Standard Chartered veteran for a head of department job. http://news.efinancialcareers.com/sg-en/277403/hires-singapore-banks/ UOB has hired senior regulatory specialist and Standard Chartered veteran Charmaine Chow to head up group ... ( read original story ...)
Tickets for HSBC Singapore Rugby Sevens Now Available on StubHub
Tickets for the HSBC Singapore Rugby 7s on 15 and 16 April 2017 can now be purchased on StubHub. StubHub has ticketing portals that support 36 currencies and can be accessed in more than 20 languages. Purchased tickets are then emailed directly to the buyer. ( read original story ...)
Ex-DBS trader gets jail in Singapore’s first spoofing case
Dennis Tey Thean Yang, 33, was given the sentence today. The former DBS Vickers Securities (Singapore) Pte broker had pleaded guilty to eight of 23 charges, including attempts to artificially move prices through fraudulent securities orders and misusing ... ( read original story ...)
The Singapore Stock Market’s Near A 52-Week High: Here Are 9 Things Investors Should Keep In Mind – No.1 to No.4
It may seem like a distant memory now, but stock markets around the world – Singapore’s included – began trading in 2016 with ample fear and anxiety. Many market indexes ended up falling between 10% and 20% in the first few weeks of 2016. Fast ... ( read original story ...)
The Singapore Stock Market’s Near A 52-Week High: Here Are 9 Things Investors Should Keep In Mind – No.5 to No.9
It may seem like a distant memory now, but stock markets around the world – Singapore’s included – began trading in 2016 with ample fear and anxiety. Many market indexes ended up falling between 10% and 20% in the first few weeks of 2016. Fast ... ( read original story ...)
Ex-DBS Vickers trader jailed 16 weeks in Singapore’s first spoofing case
SINGAPORE — A former trader at DBS Group Holdings’ brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday (March 22). ( read original story ...)
Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case
A former trader at DBS Group Holdings Ltd.’s brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday. The former DBS Vickers ... ( read original story ...)
Whether based in UK or HK, HSBC’s new chairman is one tough customer
Hong Kong, according to the latest analysis from the Economist Intelligence Unit, is the second most expensive city in the world to live in, beaten only by Singapore ... has been chosen as the next chairman of HSBC, Britain and Europe’s biggest bank ... ( read original story ...)
Fitch Assigns Final 'AAA' Rating to OCBC's Inaugural Covered Bonds; Outlook Stable
At 31 January 2017, the cover pool consisted of 8,319 prime Singapore private residential mortgages equivalent to SGD5.7bn. The OCBC-calculated WA indexed loan-to-value ratio is 57.9%, and the portfolio is 59.5 months seasoned. By current balance ... ( read original story ...)
Singapore’s stock market rally slammed by oil and gas woes
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)
Singapore Bank Stocks: More Oil Pain to Come?
DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)
Singapore banks’ exposures Ezra ‘lower than expected’
SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)
Singapore Bans Ex-Bankers Linked to 1MDB From Working in Financial Sector
SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)
Singapore banks, energy services stocks wobble following Ezra bankruptcy filing
Ezra has $1.5bn of total liabilities, with Singapore lender DBS facing the single biggest hit, with loans to Ezra of $272m. The bank said on Monday morning via a spokesman: Our exposures to Ezra Holdings were moved to non performing in the third quarter ... ( read original story ...)
Singapore banks' profits could fall by up to 8% in FY17
We estimate Singapore banks have c.SG$217-748m of claims and borrowings to Ezra Group, based on court filings and bank borrowings. If we assume O&G support services’ NPLs require specific provisions of 50 cents per dollar of problem loans, and the ... ( read original story ...)
Citigroup’s voice authentication option reaches one million customers in Asia
The bank was the first financial services company to deploy voice biometrics authentication across Asia Pacific, having implemented the technology in Taiwan, Australia, Singapore, Hong Kong, Philippines, Malaysia, Vietnam, Thailand and India. Citi clients ... ( read original story ...)