LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront. ( read original story ...)
POSB customer claims ATM at Boon Lay Place Market hacked
A POSB customer has taken to Facebook to claim that an ATM beside Boon Lay Place Market she had used has been compromised by hackers. In a Facebook post on Nov. 19, the customer wrote that she waited ... ( read original story ...)
Singapore PM’s Sister-in-Law Suspended From Practising Law
(Bloomberg) -- The sister-in-law of Singapore Prime Minister Lee Hsien Loong has been handed a 15-month suspension from practising law following a guilty verdict earlier this year for professional ... ( read original story ...)
1 in 4 Singapore employers plans to freeze salaries in 2021: Survey
About a quarter of organisations in Singapore plan to introduce or continue with salary freezes next year, slightly lower than the 30 per cent that paused wage increments this year.. Read more at ... ( read original story ...)
UOB $181m lawsuit against Lippo unit, 7 others over alleged conspiracy to get higher loans for condo buyers begins
The loans were for the purchases of 38 units in the Marina Collection developed and sold by Lippo.. Read more at straitstimes.com. ( read original story ...)
Singapore B2B Payments Sector Analysis 2020: A Closer Look at Small Business Expenses SME Credit Cards
The "B2B Payments Report Singapore 2020" report has been added to ResearchAndMarkets.com's offering. The Business to Business Payments Report Singapore 2020, is a comprehensive review of the business ... ( read original story ...)
Lakshmi Vilas Bank put under moratorium, to be merged with DBS
Lakshmi Vilas Bank has been put under a moratorium and may be merged with the local unit of Singapore’s DBS Bank, the Reserve Bank of India said Tuesday ... ( read original story ...)
The Man at the Center of Wirecard’s Deal Machine
Henry O’Sullivan, an outside adviser, was paid on 10 Wirecard deals, some of which are the focus of investigators trying to unravel the company’s collapse ... ( read original story ...)
A successful IPO gives hope to Singapore’s deep-tech ambitions
Despite the research strengths of Singapore’s universities, deep tech has remained a niche space. Nanofilm’s IPO, however, can change that. ( read original story ...)
DBS To Rescue Lakshmi Vilas Bank, First Such Move By A Foreign Lender
Singapore-based DBS's Indian unit will pump in Rs 25 billion ($336 million) in fresh capital, the central bank said in a statement Tuesday. "Not one rupee of depositors is at risk," said T N Manoharan ... ( read original story ...)
India set to hand troubled Lakshmi Vilas Bank to Singapore’s DBS
India has placed private-sector lender Lakshmi Vilas Bank Ltd under a moratorium and has restricted withdrawals of more than 25,000 rupees ($335.80), according to a finance ministry statement on ... ( read original story ...)
Fintech startup Affirm’s IPO filing shows revenue surge amid lending boom
It filed for an IPO of up to $100 million, but that is a placeholder amount and is expected to change. Its major investors include Peter Thiel’s venture firm Founders Fund, Singapore’s ... ( read original story ...)
Ant Alumni Who Cashed Out Before IPO Flop Have Big Ambitions
He recalls heading for Hangzhou and Shanghai, expecting IPO celebrations in both places ... Bill Deng joined Ant in 2010 after working for Visa Inc. in Shanghai, Beijing, and Singapore. He soon became ... ( read original story ...)
Shades of green: Banks take bigger steps toward greener finance amid climate change push
As countries around the world look for ways to bounce back post-COVID-19, there’s been greater emphasis on building back better and greener. ( read original story ...)
UOB sues retiree to recover more than $100k lost in alleged phone scam
But Mr Lim Thiam Ho claims that he was duped into logging into his bank account by scammers who applied for the cash advance.. Read more at straitstimes.com. ( read original story ...)
Singapore’s DBS to rescue Lakshmi Vilas Bank, first such move by any foreign lender
By Bijou George and Suvashree Ghosh DBS Group Holdings Ltd. will take over India’s Lakshmi Vilas Bank Ltd. in a deal orchestrated by the nation’s central bank, the first time authorities have turned ... ( read original story ...)