The Singapore dollar loan-deposit ratios improved to 86.0% at ... aided by discounted scrip dividend schemes for DBS and UOB, slower risk-weighted asset growth and healthy internal capital generation. Fully-loaded CET1 ratios range from 12.4% to 13.5% ... ( read original story ...)
OCBC Cites Compliance Burden as Reason to Expand Private Bank
The Monetary Authority of Singapore, meanwhile, has stepped up its supervision of local institutions following anti-money laundering lapses at banks in the city linked to the troubled state investment fund 1Malaysia Development Bhd. OCBC hasn’t been ... ( read original story ...)
4 Secret Spots In Singapore Your Kids Will Love
This article was originally on GET.com at: 4 Secret Spots In Singapore Your Kids Will Love Are you a parent who's running out of ideas where to take your kids on your family day out? For starters, nobody says you have to spend a bomb in order to let them ... ( read original story ...
Standard Chartered & Liverpool FC bring Anfield to Singapore
Football giants Liverpool Football Club and major sponsor Standard Chartered are launching a new interactive tour that will take fans right into the club’s inner sanctum – and Singapore is the first stop. Titled LFC World, it is a totally immersive ... ( read original story ...)
CEO to Step Down From Standard Chartered-Controlled Firm in Indonesia
Mr. Karpinski, who left Standard Chartered’s Singapore private-equity unit to become Maxpower’s CEO last year, will be replaced by Syamsurizal Munaf, a longtime executive in Indonesia’s oil-and-gas industry, a person familiar with the matter said. ( read original story ...)
Why Singapore Wants Its Food Courts to Be Run by Machines, Not People
“Productivity is a vital component of growth especially for when labor contribution to growth is declining, especially in advanced economies such as Singapore,” said David Mann, chief economist for Asia at Standard Chartered Plc. “Singapore has been ... ( read original story ...)
OCBC customers can activate fund transfer with their voice via iPhone's Siri
SINGAPORE - OCBC banking customers can now speak to their Apple iPhone to activate a fund transfer. This is possible with the roll out of a new mobile banking feature that takes advantage of Apple's Siri virtual assistant. Fund transfers can also be ... ( read original story ...)
Singapore's DBS pounces on ANZ assets to extend Asia private banking push
SYDNEY/SINGAPORE (Reuters) - DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. ( read original story ...)
Singapore's DBS extends Asia private banking push with ANZ assets purchase
SYDNEY/SINGAPORE (Reuters) - DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ. ( read original story ...)
Singapore Inc faces $12 billion debt scramble
HONG KONG (Reuters) - Singapore companies, highly exposed to slowing global trade and a lacklustre commodity market, face a financing scramble in 2017, as more than US$12 billion of their bonds falls due and banks grow wary of lending to the resources sector. ( read original story ...)
DBS extends Asia private banking push with ANZ assets purchase
SINGAPORE: DBS Group said on Monday (Oct 31) it plans to buy Australia and New Zealand Banking Group's (ANZ) wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat ... ( read original story ...)
DBS to Buy ANZ’s Wealth, Retail Units in Five Asian Nations
DBS will pay S$110 million ($79 million) above the book value of the businesses, which operate in Singapore, Hong Kong, China, Taiwan and Indonesia, the lender said in a stock-exchange statement. The deal will add S$23 billion of wealth assets to DBS’s ... ( read original story ...)
DBS to buy ANZ's Asian retail, wealth units; Q3 profit unchanged
SINGAPORE - DBS Group Holdings, Singapore's biggest bank, reported on Monday (Oct 31) third-quarter profit that was little changed from a year ago as it announced it had agreed to buy Australia & New Zealand Banking Group's wealth and retail businesses in ... ( read original story ...)
DBS : Reports Flat Third Quarter Profit
SINGAPORE -- DBS Group Holdings Ltd. Monday reported flat net profit and interest income in the third quarter amid rising bad loans due to the bank's exposure to companies that support the offshore oil industry. Net profit in the September quarter was 1.07 ... ( read original story ...)
Stresses for Singapore energy firms deepening, OCBC says
SINGAPORE — Stresses among Singapore’s oil and gas companies are deepening, the head of South-east Asia’s second-largest lender said, signalling that more firms grappling with the slump in energy prices may face difficulties repaying their debts. ( read original story ...)
HSBC has 3,000 people working on innovation in the same London office as rock and roll mag NME
Yoko Ono at the NME Awards 2016. HSBC’s innovation team share the office with the rock and roll magazine. HSBC has opened a special office near the Tate Modern, in the same building as rock and roll magazine NME, to entice trendy developers to work for ... ( read original story ...)