The Singapore stock market has climbed higher in eight straight sessions, advancing almost 125 points or 4 percent along the way. The Straits Times Index now sits just beneath the 3,290-point plateau ... ( read original story ...)
DBS to buy Citigroup Taiwan assets for NT$60 billion, Economic Daily News says
DBS is the successful bidder for Citigroup Taiwan's business, says DBS Group Holdings will pay about NT$60 billion to buy Citigroup Inc.’s consumer bank assets in Taiwan, according to Economic Daily ... ( read original story ...)
Monetary Authority of S’pore considering taking supervisory actions against OCBC
The Monetary Authority of Singapore said the disruption to DBS Bank’s online banking services was “serious” and it is considering “supervisory actions”. In a statement to the media on Jan. 17, MAS ... ( read original story ...)
Singapore’s finance regulator tells crypto firms not to promote services
The Monetary Authority of Singapore has advised local crypto companies to avoid advertising their services to the public. ( read original story ...)
Singapore c.bank considers action against OCBC for phishing scam
Singapore's central bank said on Monday it will consider supervisory action against the country's second-biggest lender Oversea-Chinese Banking Corp (OCBC) OCBC.SI, after hundreds of its customers ... ( read original story ...)
OCBC SMS scams: Bank conducting probe into gaps in processes, MAS considering actions to be taken
SINGAPORE - OCBC Bank will be conducting a thorough probe to identify the deficiencies in its processes and implement the necessary measures to address them after a spate of SMS phishing scams, said ... ( read original story ...)
OCBC begins making ‘goodwill payouts’ to scam victims, says response fell short of expectations
SINGAPORE: OCBC said on Monday (Jan 17) that it has begun making “goodwill payouts” to customers who had fallen prey to recent phishing scams involving the bank. "The payouts to this group of ... ( read original story ...)
Former OCBC financial consultant admits to cheating clients of S$170,000 in fake time deposits
SINGAPORE: A former financial consultant with OCBC Singapore cheated five of his clients of S$170,000 in fake time deposits, picking existing clients whom he knew were not technologically savvy and ... ( read original story ...)
OCBC Bank has made goodwill payments to SMS scam victims since Jan 8
SINGAPORE - OCBC Bank said on Monday (Jan 17) that it has already been making goodwill payments to customers who lost funds from their bank accounts in a recent spate of SMS phishing scams. The banks ... ( read original story ...)
CIMB Bank Brings Colour Back to a World of Grey in Spot from BBDO Singapore
Little Black Book, Agency was tasked to push CIMB forward as more than just a trusted bank, but one of the most preferred banks in Singapore ... ( read original story ...)
Singapore central bank issues guidelines to discourage crypto trading by public
The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part ... ( read original story ...)
Blank Check Firms in Singapore Test Alternative to U.S. Path
Two special purpose acquisition companies are set to start trading in Singapore this week, in a test of an alternative to the U.S. for the increasingly popular vehicles. The challenge now for the city ... ( read original story ...)
Ex-OCBC financial consultant admits to cheating 5 people of $170,000
SINGAPORE- In a move to obtain money to ease his gambling-related debts, a financial consultant with OCBC Bank hatched a plan to dupe five of its clients of$170,000 in total. . Read more at ... ( read original story ...)
OCBC Scams: Savings wiped out in a few minutes
OCBC Bank customers who were scammed have felt great pain, with some losing life savings that they had built up for their children and families painstakingly over the years. . Read more at ... ( read original story ...)
SMS scams: Savings wiped out in a few minutes from banking accounts in SG
OCBC Bank customers who were scammed have felt great pain, with some losing life savings that they had built up for their children and families painstakingly over the years. ( read original story ...)
OCBC scam: Make banks share risks by setting standard for login security, fraud detection
The OCBC scam is a reminder that banks need to share risks more evenly with customers after they have reaped the benefits for digitalisation. ( read original story ...)