Citibank home loan packages are a nice reminder of how things used to be in the home loan market, with very competitive SIBOR-linked home loan rates that increased dramatically after the third year, and fixed deposit packages that truly charge you a ... ( read original story ...)
Bank of Singapore to expand family office business
SINGAPORE: Bank of Singapore Ltd the private banking arm of Oversea-Chinese Banking Corp is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. “We are seeing increasing demand for families ... ( read original story ...)
Economists Split on Singapore Central Bank Tightening: Survey
Economists are split on whether the Monetary Authority of Singapore will change its policy stance in April amid subdued inflation pressure. Four of seven economists see the central bank shifting to a tightening stance next month, according to a Bloomberg ... ( read original story ...)
Singapore fines Standard Chartered entities 2.83 million pounds for money laundering breaches
SINGAPORE (Reuters) - Singapore's central bank imposed penalties of S$5.2 million (2.83 million pounds) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and ... ( read original story ...)
Singapore fines Standard Chartered entities $4.9 mln for money laundering breaches
(Adds more comments from MAS and Standard Chartered, adds context) SINGAPORE, March 19 (Reuters) - Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust ... ( read original story ...)
OCBC builds S$240m regional data centre
SINGAPORE - OCBC Bank has built a S$240 million regional data centre designed and customised to its requirements. The new facility is believed to be the first such purpose-built centre developed and owned by a Singapore bank. The data centre is designed to ... ( read original story ...)
Singapore stock market issuance starts strong this year
Companies in Singapore have recorded their strongest start in raising funds this year via the equity capital markets (ECM) since 2013. Firms have so far raised USD816.9m through the ECM for the year-to-date, data from Thomson Reuters showed on Friday 16 March. ( read original story ...)
Bank of Singapore to enhance family business segment
Bank of Singapore, the private bank of Oversea-Chinese Banking Corporation, is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. “We are seeing increasing demand for families moving into the ... ( read original story ...)
HSBC ramps up investment and hiring to grow market share
HSBC is ramping up its Singapore operations to grab a bigger share of the consumer and wholesale banking business. The British banking giant will be hiring an additional 300 people as it aims to significantly increase market share by gunning for 7 to 10 ... ( read original story ...)
Singapore has strong short-term momentum and is future-proof: JLL
Singapore was one of two cities that scored high in terms of short-term socio-economic and commercial real estate momentum, and future-proofing attributes, according to JLL Global Research’s City Momentum Index 2018. The other city was Seattle. Singapore ... ( read original story ...)
UOB Home Loan Review Singapore 2018 – Comparing the Most Affordable Home Loan Rates from UOB
UOB home loan packages come in all shapes and sizes. It’s UOB’s way of ensuring that they have something for just about anything a potential customer would want. They may have the YOLO credit card, but when it comes to home loans, UOB is all about the ... ( read original story ...)
Analysis: Singapore’s ‘en-bloc’ redevelopment fever may be cooling
SINGAPORE (Reuters) - Singaporean engineer Andy Goh has stopped saying hello to some neighbours in his condominium. The mood in the 596-apartment Cashew Heights complex is "tense and stressed" after an initiative late last year to offer it for collective ... ( read original story ...)
Automation is threatening Singapore finance jobs. Here’s how to fight back
Technology is putting traditional finance jobs in Singapore at risk. Here’s how to stay employed. https://news.efinancialcareers.com/sg-en/310738/smu-master-of-science-in-accounting-data-and-analytics-sc/ Accountants have never been more sought after in ... ( read original story ...)
The Best Debit Cards in Singapore 2018
(Well, at least I didn’t.) Read on for more details on the best debit cards in Singapore. Best DBS/POSB debit card: DBS Visa Debit Card The overwhelming majority of Singaporean youths bank with DBS/POSB, so chances are you already have a card or two with ... ( read original story ...)
Singapore-based firms raised US$816.9b from equity capital
IPO proceeds soared 479.8% to US$344.4m and bolstered ECM activity. Singapore-based companies raised US$816.9b from equity capital markets (ECM) YTD, marking a 32.7% increase YoY and the strongest start to a year since 2013, Thomson Reuters revealed. ( read original story ...)
Singapore’s banking sector HR leaders comment on new guidelines
On 16 March, we shared news of the new advisory on good HR practices for banks in Singapore, released by the tripartite partners. Among the major points, the advisory calls on banks to work towards redeploying and reskilling their workforce, and better ... ( read original story ...)