Tag: finance

SINGAPORE —DBS Group Holdings cut at least 12 roles across Asia at its brokerage unit, the latest bank to shrink its trading desk as volumes slump. DBS Vickers Securities is rationalising its institutional business unit as it seeks to be “more ... ( read original story ...)

SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) and the Bank of Japan have established a local currency swap agreement, the MAS said on Wednesday. The agreement allows for the exchange of local currencies between the two central banks of up ... ( read original story ...)

The global economy looks shaky in the next few years, but organisers of the Singapore leg of the HSBC World Rugby Sevens Series are still confident of pulling in the fans next April. The slowing economy has already affected this year's edition of the ... ( read original story ...)

Acquisition this year amounted to $400m. DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of ... ( read original story ...)

Singapore's property investors got a yellow card from the city-state's central bank in its annual financial stability review. "Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate ... ( read original story ...)

a digital wallet which allows its credit card holders in Singapore to make payments via their mobile phones. To use Citi Pay, customers will need to log into the app using their Citibank online user ID and password before the app automatically populates ... ( read original story ...)

HONG KONG/SINGAPORE — DBS Group Holdings and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires. DBS would look ... ( read original story ...)

SINGAPORE/HONG KONG: Standard Chartered 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 (Nov 28) as the bank keeps up an aggressive drive to cut costs. ( read original story ...)

Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, according to Reuters. The job cuts will start in Hong Kong and Singapore and will eventually affect all major business hubs of Standard Chartered ... ( read original story ...)

Asia-focused banking group Standard Chartered is cutting about 10 percent of its global corporate and institutional banking jobs, reports say. The job losses at the bank follow a 7.5 percent fall in corporate and institutional revenue in the last quarter. ( read original story ...)

The job cuts will be rolled out beginning this week across all Standard Chartered’s major business centres including in Singapore and Hong Kong Subscribe to our newsletter. Corporate and institutional banking accounts for the bulk of revenues at Standard ... ( read original story ...)

Standard Chartered Chief Executive Bill Winters this month branded the bank's income and profit unacceptable, as below-forecast third-quarter results underlined the challenges facing his overhaul. Singapore: Standard Chartered is set to cut about a tenth ... ( read original story ...)

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 ...)