MAS imposed a civil penalty of $3.9 million on Credit Suisse AG, for its alleged failure "to prevent or detect misconduct by its relationship managers." ...
Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account
SINGAPORE: A man took to social media to share a firsthand account of his encounter... The post Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account appeared first on The Inde ...
DBS’s stake in Shenzhen Rural Commercial Bank has risen to 16.69%
The financial implications of this transaction are anticipated to be immediately accretive to DBS's earnings and return on equity (ROE) ...
Why DBS Bank’s woes is a forewarning to bankers on a digital dope
While digital is a given, over-emphasis on cutting-edge tech can inadvertently stretch operational resilience thin.
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Chartered
The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
S’pore scammer pretends to be ‘bro’, tries to trick target to PayNow S$4,800
A scammer in Singapore posed as someone's friend and tried to trick them into transferring him S$4,800 via the POSB app. He ended up requesting for S$1,000 instead when the person declined.
UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale
SINGAPORE: On Dec 29, the United Overseas Bank (UOB) revealed the key spending patterns among... The post UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale appeared first on Th ...
How I will invest $1 million in 2024? (as a Singapore investor)
With that in mind, how would I invest as a Singapore investor in 2024? What are the key short / mid term trends for this decade? (as a Singapore Investor) The way I see it, the key mid term trends for ...
Top Stock Market Highlights of the Week: ComfortDelGro, Sumitomo Life Purchasing Singlife and Singapore’s Core Inflation
One of the largest insurance deals in Asia has just been announced. Sumitomo Life Insurance Company has offered to buy a 35% stake in Singapore Life Holdings (“Singlife”) from TPG and make an offer to ...
MAS fines Credit Suisse $3M for failing to monitor Singapore managers
The Monetary Authority of Singapore imposed a 3.9 million Singapore dollars (U.S. $3 million) penalty on Credit Suisse for failing to detect misconduct by relationship managers at its Singapore branch ...
35-year-old man asks, “Is it too late to start investing?” after inflation freaks him out
SINGAPORE: A 35-year-old man took to social media to ask whether it was too late... The post 35-year-old man asks, “Is it too late to start investing?” after inflation freaks him out appeared first on ...
DBS to raise stake in China’s Shenzhen Bank
DBS Group Holdings said on Friday it was raising its stake in China's Shenzhen Rural Commercial Bank in a S$376 million ($284.72 million) deal, as it looks to tap into growing opportunities in the ...
Don’t click: Police urge caution after bank impersonators scam 103 people of S$161,000
SINGAPORE: The Singapore Police Force (SPF) once again warned members of the public on Friday (Dec 29) about the resurgence of phishing scams involving the impersonation of banks through spoofed SMSes ...
103 victims affected by bank impersonation scams in December
SINGAPORE - More than 100 people have fallen prey to a bank impersonation scam in December. The 103 victims, who lost a total of at least $161,000, were duped by scammers who spoofed bank SMSes in ...
UOB cardholders spent money on retail purchases in 2023 like pre-pandemic times
UOB cardholders have been spending money on retail purchases in 2023 like it was pre-pandemic times. This was the latest finding by the bank in its year-end wrap-up analysing consumer spending trends.
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted
The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.