Tag: banking

SINGAPORE -- Oversea-Chinese Banking Corp., Singapore's second-largest bank by assets, said Thursday its net profit rose 5% on the year to 943 million Singapore dollars ($677 million) for the third quarter ending in September. Despite a drop in the bank's ... ( read original story ...)

SINGAPORE (REUTERS, BLOOMBERG) - OCBC earnings grew in the third quarter due partly to improved performance of its insurance business, but core banking profit has weakened while asset quality issues persisted. Singapore's second biggest lender said net ... ( read original story ...)

SINGAPORE (Reuters) - Singapore's United Overseas Bank (UOBH.SI) posted a 7.8 percent drop in third-quarter net profit on Friday, hurt by a jump in bad debt charges due to losses from its exposure to the oil and gas sector. Singapore banks are facing ... ( read original story ...)

Monetary Authority of Singapore’s “regulatory sandbox” — The country’s financial regulator has taken a liberal approach and announced the creation of a “regulatory sandbox.” This will allow start-ups and existing companies in the financial ... ( read original story ...)

Independent trust, corporate and fund services firm ZEDRA has hired Wendy Sim to lead the development of its Singapore office, which will additionally support markets in North and South Asia. Independent trust, corporate and fund services firm ZEDRA has ... ( read original story ...)

OCBC was the first of Singapore’s three large banks to report quarterly profit. United Overseas Bank Ltd. is due to post its results on Friday, while earnings from DBS Group Holdings Ltd., Southeast Asia’s largest lender, are scheduled for Oct. 31. ( read original story ...)

SINGAPORE: The Oversea-Chinese Banking Corp (OCBC) beat estimates with a 5 per cent rise in quarterly profit in the third quarter of the year, helped by gains from its insurance and wealth management units, according to its financial results released on ... ( read original story ...)

No discounts on offer for investors as pricing hap exists. The property firm noted that office yields in Singapore were flat but fundamentals remained weak. "However, vendors were under no pressure to sell, especially at discounted prices. The period saw a ... ( read original story ...)

PMETs accounted for more than two-thirds of the lay-offs. It is indeed worrying that there are more people in Singapore looking for jobs than the number of available career posts, probably due to the subdued demand for labour and ongoing restructuring in ... ( read original story ...)

Singapore and Iran have agreed to expand banking ties following the lifting of economic sanctions. This was decided in a meeting between the heads of two countries' central banks. "The Central Bank of Iran is willing to support banks in Iran and Singapore ... ( read original story ...)

Junior hiring is still booming at Citi in Singapore. The bank’s HR head explains how to get one of the 200 new jobs it’s opening up. Citi isn’t cutting the number of graduates it recruits in Singapore next year, despite slowing local economic growth ... ( read original story ...)

Singapore, with an index value of 67, climbed three notches up to seventh at this year's ranking with its score raised to grade B from C+. According to the Australian Centre for Financial Studies (ACFS), which released the index, grade B score is given to ... ( read original story ...)

The new San Francisco service is only the beginning, with plans to add New York and Los Angeles non-stop flights too. ( read original story ...)

Thomson Reuters and Singapore Exchange (SGX) today announced that the TR/SGX Singapore Fixed Income Indices (TR/SGX SFI) have been selected as the recommended fixed income benchmark by United Overseas Bank (UOB) following the discontinuation of the UOB SGS ... ( read original story ...)

DBS Group Holdings Ltd. is expected to lead the increase in impairment charges of S$255 million ($183 million) for the period, a 43 percent jump from a year earlier, according to Goldman Sachs Group Inc. DBS, Singapore’s largest bank by assets ... ( read original story ...)

Singapore has joined the influential International Energy Agency (IEA) as an association country, upping the city-state's focus on energy security. A joint statement, released at the opening of Singapore's International Energy Week (SIEW) conference, noted ... ( read original story ...)