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Tag: finance

Posted on 28/11/2023

Singapore banks say money laundering risks up after $2B scandal

The scandal, uncovered in August, has exposed Singapore’s largest bank, DBS, as well as reportedly extending to foreign banks like Credit Suisse. Respondents to the survey indicated risks posed by ...

Posted on 28/11/2023

Singtel is next S’pore stock to be traded on Thailand bourse under depository receipt linkage scheme

This comes after Singapore Airlines made its debut on the Thai stock market in September 2023. Read more at straitstimes.com.

Posted on 28/11/2023

DBS, OCBC, UOB customers can lock up savings to guard against scams; funds must be unlocked in person

SINGAPORE: DBS, OCBC and UOB on Monday (Nov 27) announced new money-locking features for customers to guard against scams. Customers will be able to lock up their funds using their app or internet ...

Posted on 27/11/2023

$12m lawsuit: Snap Innovations’ then MD ‘likely’ signed investor guarantee, says handwriting expert

Greek investor Georgios Baizanis is suing the parties for breach of a corporate guarantee, which resulted in him losing millions in investments. Read more at straitstimes.com.

Posted on 27/11/2023

OCBC, UOB, DBS to allow customers to lock savings for in-person withdrawal only

CUSTOMERS of the three local banks will soon be able to lock their savings. Locked funds cannot be digitally used or moved, and physical verification will be required to unlock these, said OCBC, UOB ...

Posted on 27/11/2023

Tata Technologies IPO: Check Today’s GMP Status; Share Allotment Likely Tomorrow

As per reports, the Tata Technologies latest GMP suggests a premium of Rs 414, suggesting that the scrip will have a stellar debut on its stock market listing.

Posted on 27/11/2023

Customers of Singapore’s DBS/POSB, UOB and OCBC banks can now ‘lock up’ money that can’t be withdrawn online

SINGAPORE — Customers of DBS/POSB, UOB, and OCBC bank can now "lock up" their money in bank accounts that will not allow the funds to be digitally transferred out. The security feature, which will ...

Posted on 27/11/2023

Scam prevention: DBS, OCBC and UOB customers can ‘lock up’ savings from online transactions starting this week

UOB, OCBC and DBS Bank customers can lock up funds in their bank accounts to block the money from any digital transaction starting this week. The feature, which will allow money locked up to be ...

Posted on 27/11/2023

Singapore warns on risks, weaknesses to global financial stability

Deepening debt, elevated rates, geopolitical tensions and a slowing Chinese economy were all cited in the Monetary Authority of Singapore’s annual Financial Stability Review.

Posted on 27/11/2023

DBS, OCBC and UOB introduce money-locking features to protect against scams

SINGAPORE — DBS, OCBC and UOB on Monday (Nov 27) announced new money-locking features for customers to guard against scams.

Posted on 27/11/2023

Singapore companies, banks remain financially resilient even as borrowing cost rise: MAS

But risks from higher interest rates, tighter financial conditions, and geopolitical uncertainty remain elevated. Read more at straitstimes.com.

Posted on 27/11/2023

UOB, OCBC and DBS customers can soon ‘lock up’ savings for in-person withdrawal only

The feature is designed to prevent fraudsters from siphoning money out of a hacked account. Read more at straitstimes.com.

Posted on 27/11/2023

DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases

Customers can lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams.

Posted on 27/11/2023

UOB, OCBC & DBS letting customers ‘lock up’ money in bank accounts in anti-scam move

UOB, OCBC and DBS Bank customers can soon lock up the money in their bank accounts to stop any digital transactions in an anti-scam move. UOB and OCBC will roll out the feature on Nov. 30. DBS Bank ...

Posted on 27/11/2023

Singapore Bourse May Reclaim 3,100-Point Level

The Singapore stock market has tracked lower in consecutive trading days, slumping more than 20 points or 0.6 percent along the way.

Posted on 27/11/2023

Are young Singapore investors growing their wealth the wrong way?

SINGAPORE: Young investors here have performed poorly in managing their portfolios, according to an OCBC survey, although some online share trading platforms report that they are holding their own ...

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