has started shifting more than US$100 million from a local Citibank account to a Citibank account in Singapore, according to an adviser involved in the transactions. "It's started. We're hearing ... ( read original story ...)
Hong Kong tycoons start moving assets to Singapore as fears rise over new extradition law
has started shifting more than $100 million from a local Citibank account to a Citibank account in Singapore, according to an adviser involved in the transactions. "It's started. We're hearing others ... ( read original story ...)
UOB in JV to form Shanghai finance company
SINGAPORE (June 28): United Overseas Bank (UOB) has entered into a joint venture that would help deepen the bank’s presence in China. UOB and Shenergy (Group) Company will take a 19.9% and 80.1% ... ( read original story ...)
Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime ... ( read original story ...)
Singapore’s Central Bank Wants More Information on Facebook’s Libra Crypto
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is seeking more information from Facebook about its recently unveiled cryptocurrency project, Libra. As reported by Bloomberg ... ( read original story ...)
Are Singapore’s Stocks Headed for a Crash?
Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI), hit a 52-week high of around 3,4000 points in late April this year, before falling to around 3,100 points in late May, and then ... ( read original story ...)
The Trades That Caused a $2 Billion Plunge in UOB’s Market Value Have Been Upheld
Singapore Exchange Ltd. upheld the trades that briefly erased ... adding to its yearly gain of about 4.6% as of Tuesday’s close. The brief plunge in UOB’s shares brought back memories of haphazard ... ( read original story ...)
Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister
Singapore is actively studying whether to allow companies with no banking parentage to set up virtual banks, paving the way for start-ups like on-demand services operator Grab to potentially enter the ... ( read original story ...)
Which Singapore bank enjoys the highest corporate customer satisfaction?
A homegrown bank pulled ahead of global rivals like Standard Chartered. Banks in Singapore enjoy high customer satisfaction rates from their corporate clients, according to bi-annual research from ... ( read original story ...)
HSBC raises over US$250m for its first private equity ‘Vision’ fund, with almost half from Asia
SINGAPORE - HSBC Private Banking has closed its Vision Private Equity 2019 fund (Vision 2019), raising over US$250 million (S$338.8 million) globally, with nearly half of the capital from clients in ... ( read original story ...)
Singapore banks’ earnings growth, dividends attractive; Reits looking overpriced: UBS
SINGAPORE - Singapore bank stocks are starting to look more attractive at current levels while its Reits are beginning to look overpriced, said UBS Global Wealth Management in its July CIO Investing ... ( read original story ...)
Singapore Stock Market Tipped To Extend Losing Streak
(RTTNews) - The Singapore stock market has finished lower in back-to-back trading days, sliding almost 20 points or 0.6 percent along the way. The Straits Times Index now rests just above the ... ( read original story ...)
Singapore banks earn top marks for customer satisfaction from Asia corporate clients
SINGAPORE - Corporate and institutional customers in Asia are highly satisfied with the banking products and services provided by Singapore's DBS Bank, United Overseas Bank (UOB) and OCBC Bank, ... ( read original story ...)
UOB is DBS’s top pick while OCBC is cut to ‘hold’ on dividend policy overhang
SINGAPORE (June 25): DBS Group Research is retaining United Overseas Bank (UOB) as its top pick among Singapore banks while Oversea-Chinese Banking Corporation (OCBC) has been downgraded to “hold” ... ( read original story ...)
Singapore’s Trax Acquires U.S. Retail Rewards App Shopkick
Singapore’s Trax is acquiring U.S. rewards app Shopkick, adding a customer-tracking service to its growing stable of retail technology. Redwood City, California-based Shopkick lets shoppers earn ... ( read original story ...)
Singapore Bourse Due For Profit Taking On Monday
(RTTNews) - The Singapore stock market has finished higher in four straight sessions, advancing more than 110 points or 3.5 percent along the way. The Straits Times Index now rests just above the ... ( read original story ...)