Tag: banking

This article aims to provide a brief overview of the consultation paper released by the Monetary Authority of Singapore (“MAS”) on 7 February 2017 on the proposed amendments to the Banking Regulations and the Banking (Corporate Governance) Regulations. ( read original story ...)

Real estate investment trusts in Singapore’s stock market aren’t given much love by investors lately, judging from the fact that many of them are trading near 52-week lows. Challenges that REITs in general are facing are well-known. There’s Singapore ... ( read original story ...)

LONDON — App-only startup bank Monzo is down — and normal service might not be resumed for hours. Monzo notified users on Sunday that it is having issues with a supplier that may not be resolved until “nightfall.” The company is providing regular ... ( read original story ...)

NEW YORK (AP) -- European banking giant Deutsche Bank announced plans to raise at least $8.5 billion in capital and sell off a stake in its asset management business, in a move to help shore up the troubled German firm. Deutsche Bank will issue 687.5 ... ( read original story ...)

... Singapore is also supported by the Monetary Authority of Singapore (MAS) who will provide feedback to the startups on regulatory matters. Neal Cross, Chief Innovation Officer at DBS Bank said: “Startupbootcamp FinTech has been doing amazing work in ... ( read original story ...)

He was working in exchange traded derivatives within the global markets team at UOB in Singapore, and he’d reached vice president level. But Tan wanted to make sure his skills stayed relevant for a long-term career in banking. “I had financial markets ... ( read original story ...)

Bank earnings reports are likely to confirm these negative ... Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. ( read original story ...)

We have recently built Asia’s biggest banking innovation center in Singapore, called DBS Asia X (DAX), which underscores our ongoing commitment to shaping the future of banking and emracing the future of work. What sort of digitization efforts are being ... ( read original story ...)

agreed to sell its wealth and investment management business in Hong Kong and Singapore to a unit of Singapore's Oversea-Chinese Banking Corp (OCBC) (OCBC.SI). A crackdown on money laundering by Asia's main private banking centres is forcing wealth ... ( read original story ...)

A statement by Manulife said this suggests that Singapore millennials who bank on rental income may need to seek other alternatives. Wendy Lim, Manulife Asset Management chief executive, said: "Overall in the last decade or so we have seen yields falling ... ( read original story ...)

So how can Singapore investors get on the bandwagon? Singapore’s Start-Up Opportunities As a leading economy in South-East Asia and a mature financial industry, Singapore is a regional hub for start-ups and for good reason. Good regulatory support ... ( read original story ...)

Professor of Banking and Finance at Insead, Singapore, in an exclusive essay for finews.com. The euro-zone banking market met recently two episodes of great instability. In September 2016, Deutsche Bank was threatened by the U.S. Department of Justice with ... ( read original story ...)

Singapore to deploy S$45m worth defence tech labs to counter terrorism and drone attacks Singapore is all geared up to launch two new defence tech labs to aid next-gen Singapore Armed Forces (SAF) in their counter-terrorism operations and prevention of ... ( read original story ...)