No one will miss a pay cheque in 2020,’ says CEO Bill Winters, as employees losing their jobs as part of the revamp will be paid through the end of the year. ( read original story ...)
Citibank SMRT Card – MoneySmart Review 2020
You might think that SMRT is the source of all your problems, but that doesn’t mean you should refuse to sign up for the Citibank SMRT Card out of spite. Its name might make it sound like a glorified ... ( read original story ...)
South-east Asian IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in South-east Asia later this year, pointing to an upturn after Covid-19 pandemic-hit markets and ... ( read original story ...)
Blackstone-backed Mindspace REIT’s IPO covered 13 times on final day
Ahead of the IPO, the investment trust raised Rs 1,519 crore ($203 million) from anchor investors on Friday. The firm mobilised the capital by issuing 55.23 million units at Rs 275 apiece to 54 ... ( read original story ...)
COVID-19 impact | Standard Chartered to lay off hundreds worldwide
Those losing their jobs will continue to receive the salary until the end of 2020 in addition to a severance payment ... ( read original story ...)
Hin Leong owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's ... ( read original story ...)
Shares of DBS, OCBC, UOB tumble after MAS call to cap dividends
Shares of Singapore's local lenders extended their slide on Thursday morning (July 30), after the central bank asked them to cap dividend payouts.. Read more at straitstimes.com. ( read original story ...)
Singapore bank shares fall after regulator caps dividends
Shares in Singapore banks fell in early Thursday trade after the central bank asked local banks to cap dividends this year to conserve capital and increase lending capacity amid an uncertain economic ... ( read original story ...)
UBS, Citigroup Differ on Singapore’s Move to Cap Bank Dividends
UBS Group AG and Citigroup Inc. are at odds on how Singapore’s move to cap dividend payouts at the nation’s banks will play out for equity investors. ( read original story ...)
Singapore extends US$60b swap facility with US Fed through March 2021
Singapore's central bank and the US Federal Reserve have extended a US$60 billion swap facility through to March 2021 to bolster US ... ( read original story ...)
Singapore extends $60 billion swap facility with Fed through March 2021
Singapore's central bank and the U.S. Federal Reserve have extended a $60 billion swap facility through to March 2021 to bolster U.S dollar lending to firms in the city-state and the wider region, ... ( read original story ...)
UPDATE 1-Singapore bank shares fall after regulator caps dividends
Shares in Singapore banks fell in early Thursday trade after the central bank asked local banks to cap dividends this year to conserve capital and increase lending capacity amid an uncertain economic ... ( read original story ...)
Standard Chartered Planning Several Hundred Job Cuts Worldwide
Standard Chartered Plc is set to begin a new round of job cuts, joining rivals such as Deutsche Bank AG and HSBC Holdings Plc in restarting reductions put on hold at the outset of the pandemic. ( read original story ...)
Troubled Hin Leong’s owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block creditor OCBC's request to appoint overseers for the family's Xihe Holdings and four other ... ( read original story ...)
Court hearing on OCBC’s judicial management application for Xihe Holdings adjourned to Aug 13
A High Court hearing for OCBC Bank's application to bring the Lim family-run Xihe Holdings and four of its vessel-owning units under judicial management has been adjourned to Aug 13.. Read more at ... ( read original story ...)
Singapore Asks Banks to Restrict Their Dividends
Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered ... ( read original story ...)