Tag: banking

At the corporate finance business, about 10 to 15 managing directors are leaving in the shakeup, with Singapore the most affected office, said the person. Standard Chartered had about 84,500 employees at the end of June, down about 1,500 from the same ... ( read original story ...)

Standard Chartered is cutting 10% of its global corporate and institutaional banking headcount, Reuters reports. According to the news agency, the job cuts will be rolled out starting this week across all the bank’s major business in Singapore and Hong Kong. ( read original story ...)

SINGAPORE - The regional chief executive for Standard Chartered, Mr Ajay Kanwal, has resigned, said the bank on Monday (Nov 28). He steps down from his role as regional chief executive for Asean and South Asia with immediate effect, after 24 years with ... ( read original story ...)

SINGAPORE Singapore's central bank on Tuesday urged the city-state's banks to guard against a potentially protracted economic slowdown amid a rise in bad loans, but said the financial system remains capable of withstanding a severe stress event. In its ... ( read original story ...)

In Singapore, banks such as DBS have taken the lead in building a plethora of financial solutions tailored for startups. These include DBS BusinessClass, which is a mobile app that serves as a community platform that allows startups to connect with over ... ( read original story ...)

DBS gets deep in a new spot featuring national darling Nathan Hartono to tell its users that there is more to gifts this Christmas season. The spot which was launched last Friday was produced by Tribal Worldwide Singapore. The video shows a couple shopping ... ( read original story ...)

After a structural revamp of my company, we have embarked on expansion with more hires as well as moved from a limited liability partnership to a private limited company. Alvinology Media LLP is now AM Collective Pte Ltd and we are committed to do better ... ( read original story ...)

SINGAPORE/HONG KONG Standard Chartered (STAN.L) is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter told Reuters on Monday, as the bank keeps up an aggressive drive to cut costs. ( read original story ...)

As in a real man, not one who blindly follow orders. To help you along, POSB has designed a special savings programme for NSFs - Save As You Serve (SAYS) scheme. POSB SAYS allows you to decide on the amount to save monthly - even an amount as little as S$ ... ( read original ...

The final price is based on 1.75 percent of the $13 billion of Barclays assets transferred to Bank of Singapore, OCBC’s private-banking arm, the Singaporean lender said Monday in an exchange filing. OCBC had given an indicative price of $320 million in ... ( read original story ...)

OCBC Bank: Bank of Singapore (BOS), the private banking unit of OCBC Bank, has completed the acquisition of the wealth and investment management (WIM) businesses of Barclays plc in Singapore and Hong Kong for a lower price than stated earlier. BOS ... ( read original story ...)

It acquired the business for a lower price. OCBC's private banking unit Bank of Singapore has recently completed the acquisition of the wealth and investment management (WIM) businesses of Barclays in Singapore and Hong Kong for a lower price than what was ... ( read original story ...)

MAS shares its initiatives on enabling innovation such as publishing APIs and testing the feasibility of using blockchain for inter-bank payments. The Monetary Authority of Singapore (MAS) recently announced that it will facilitating the infrastructure ... ( read original story ...)

They can now borrow for up to $5m. The Ministry of Trade and Industry announced the enhancement to IE Singapore’s Internationalisation Finance Scheme (IFS) and the reintroduction of SPRING’s Bridging Loan (BL) for companies in the Marine and Offshore ... ( read original story ...)

Black Friday, the biggest bargain hunting festival returns to Singapore on 25 November as traders bring in ... and Warehouse, while DBD/POSB cardholders enjoy 30% off for both regular priced and sale items at these brand outlets on all online purchases. ( read original story ...)

co-hosted the event with the Association of Banks in Singapore (ABS). It featured sponsors such as Citibank, UOB, MasterCard and Deloitte. The key programmes of the event included the Innovation Lab Crawl, RegTech Forum, FinTech Hackcelerator ... ( read original story ...)