Barclays Wealth Units Priced Below Estimate in Sale to OCBC

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 ...)

Stocks to watch: OCBC, Keppel Corp, Swissco, Rickmers Maritime

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 ...)

Singapore extends loans to troubled oil-linked companies

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 ...)

Singapore’s first fintech festival

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 ...)

Singapore's auto sales could contract from 2017

Hitting a 137,597-unit peak level seen a decade ago now unlikely. Total vehicle sales in Singapore will begin a period of decline from 2017 to 2020 on the cyclical nature of the market, which is driven by age limits on vehicles and the Certificate of ... ( read original story ...)

Singapore and UOB to boost trade for Singapore companies

The International Enterprise (IE) Singapore and the United Overseas Bank (UOB) signed a Memorandum of Understanding to help more Singapore companies in cross-border trade and internationalization. This collaboration taps the rising potential of ASEAN ... ( read original story ...)