More efficient account opening will improve the competitiveness of the wealth management industry while maintaining high standards,” says MAS managing director Chia Der Jiun.
Wealthy clients in Singapore could open private bank accounts 2 weeks faster
Singapore’s banking sector is set to cut the time wealthy clients need to open accounts by two weeks by the end of this year, as authorities seek to strengthen the city-state’s competitiveness as a ...
Singapore aims to speed up private bank account opening for wealthy clients
Private banking account opening times for the wealthy will be reduced to within one month by the end of 2026, down from the current duration of about six weeks or longer.
Singapore IPO market gathers pace as SGX on track for nearly 30 listings in 2026
Analysts said Singapore’s reputation as a safe haven continues to attract companies seeking to list, amid ongoing trade tensions and global uncertainty.
Singapore eases private banking process for the rich, but keeps strict anti-money laundering checks
Singapore is moving to speed up how quickly wealthy clients can open private banking accounts as it seeks to strengthen its position as a global ...
Singapore seeks to cut account opening time for rich to a month
Singapore’s financial regulator is working with private banks to shorten account opening time using a “risk-appropriate” approach, as the city-state rises in importance as a wealth management hub.
As The World’s Best Private Bank, DBS Is Charting Bold New Paths For Global Wealth
This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Amid an increasingly fragmented and complex global landscape, ultra-high-net-worth clients ...
MAS tell private banks in Singapore to shorten account opening time for the rich
Singapore’s financial regulator is working with private banks to shorten account opening time using a “risk-appropriate” approach, as the city-state rises in importance as a wealth management hub.
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
The High Court has criticised UOB for inconsistent legal stances on late mortgage payment charges, prompting a review of banking practices. Read more at straitstimes.com. Read more at straitstimes.com ...
Singapore central bank working with industry group to streamline private bank account applications
SINGAPORE, May 25 (Reuters) - Singapore's central bank is working with the country's private banking industry group to shorten the time needed for wealthy individuals to open bank accounts, the bank's ...
More Singapore residents target more than $1 mil and retirement in their 40s: CIMB-NTU study
According to the second edition of the “Attitudes and Beliefs towards Financial Independence Report”, independence is now increasingly quantified, with 56.3% aspiring to accumulate over $1 million, up ...
Standard Chartered CEO apologises for ‘lower-value human capital’ comment criticised by Halimah Yacob
Bill Winters, the group chief executive at Standard Chartered, has apologised for recent comments he made that drew criticism from the public, including former Singapore president Halimah ...
DBS CEO makes over S$6 million after disposing 100,000 shares
Tan disposed of the shares at $60.12 apiece on May 15. Following the disposal, Tan’s stake in DBS fell to 0.048% from 0.052% previously.
GIC-Backed JustCo Shares Fall in Singapore Debut
Shares of GIC-backed JustCo fell in their Singapore trading debut on Friday. The stock dropped as much as 10% to 0.845 Singapore dollar, from the initial public offering price of S$0.94. Shares later ...
Taiwanese chip testing firm’s new Singapore facility to create over 300 jobs
KYEC's site at Ang Mo Kio includes an over 109,000 sq ft cleanroom. Read more at straitstimes.com. Read more at straitstimes.com.
Standard Chartered fields regulator queries after CEO’s ‘lower-value human capital’ remark
Standard Chartered faces Hong Kong and Singapore regulator scrutiny after CEO Bill Winters lower value human capital AI remark, as job cut concerns grow ...