SINGAPORE: The local banking system remains “sound and resilient ... In response to queries from The Straits Times, a DBS Bank spokesman noted that it has “strong liquidity and a diversified funding ...
3 Solid Singapore Blue-Chip Stocks You Can Own Even if a Recession Hits
These troubles have spilled over into the stock market as businesses announce weaker earnings ... should remain resilient that you may want to include in your buy watchlist. Singapore’s largest bank ...
JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT
JP Morgan, Bank of America, Citibank and Wells Fargo logos are seen through broken glass in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustrati ...
DBS launches programme recognising women leaders, joins placement programme for underprivileged
DBS joins over 20 host organisations, including the Singapore Civil Defence Force (SCDF), Singapore Police Force (SPF), Grab, Ernst & Young, SHEIN, Standard Chartered and TSMP Law Corporation.
5 ways to increase your chances of getting personal loan in Singapore
Banks and financial institutions want to grant you personal loans — the interest they charge on the loan is how they make money after all.However, lenders also need to ensure that you can pay back the ...
Bank slide deepens as SVB contagion fear rattles markets
Asia's share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead ...
ESG adoption up across Asean with DBS, Sembcorp and SGX top picks in Singapore: Maybank
Meanwhile, Singapore’s banks have diversified deposits ... analysts believe investors in Asean markets are still not fully factoring ESG risks into their investment strategy. In addition, investors ...
Stock Market Live: Sensex and Nifty 50 poised for a positive start tracing global cues
Indian equity benchmarks NSE Nifty 50 and BSE Sensex are likely to open higher on Tuesday. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was trading 64 points or 0.4 percent ...
Singapore banking system has ‘insignificant exposures’ to failed SVB, Signature Bank: MAS
SINGAPORE: The Singapore banking system has “insignificant exposures” to the failed Silicon Valley Bank (SVB) and Signature Bank, which collapsed in recent days, the Monetary Authority of Singapore ...
Singapore’s banking system has ‘insignificant exposures’ to SVB and Signature Bank
SVB was closed by Californian regulators on March 10 while Signature Bank was closed by New York regulators on March 12. In its statement, MAS adds that the banking system in Singapore remains “sound ...
Viterra secures sustainability-linked trade finance facility from DBS
Singapore’s DBS has provided a US$50mn trade finance facility to Glencore subsidiary Viterra, linked to sustainable sourcing of palm oil products. Under the working capital loan, Viterra will receive ...
5 Ways to Increase Your Chances of Getting a Personal Loan in Singapore
Personal loans in Singapore are a convenient and affordable way to meet urgent cash needs. Here are five tips to help you ensure your ...
Singapore banking system’s exposure to failed US banks ‘insignificant’ – central bank
Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore are well capitalised and conduct regular stress tests ...
UOB YOLO Credit Card To Be Rebranded As UOB EVOL From 1 April With Revised Benefits
but it may just follow the design of the UOB EVOL card currently disbursed in Singapore. For context, UOB Bank had also rebranded its UOB YOLO card to UOB EVOL in Singapore last year. However, the ...
After SVB failure, US acts to shore up banking system confidence
U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader financial crisis. After a ...
Asian bank stocks tumble as US systemic concerns prevail
Shares of banks in Asia slumped on Monday after the collapse of a U.S. startup-focused bank sparked a global flight to quality on fears of broader systemic risk, even as authorities tried to stem the ...