Investment banking activity in Singapore has remained subdued so far in 2023, with fees from capital markets transactions and mergers and acquisitions (M&A) as at June 22 down from a year ago.
Singapore’s investment banking fees 25% lower in H1 2023
BofA Securities currently leads investment banks in terms of fees generated. Singapore generated an estimated US$401.8m worth of investment banking fees in the first six months of 2023, 25% lower than ...
Investment banking fees in Singapore down 25% to US$401.8 million in H1 2023: Refinitiv
INVESTMENT banking fees in Singapore generated US$401.8 million in the first half of 2023, representing a 25 per cent drop compared with the same period a year earlier, based on preliminary data from ...
UOB card application surges in S’pore due to privileged access to Taylor Swift tickets
UOB debit and credit cardholders are probably finding themselves ... and general on-sale reserved ticket allotment for Taylor Swift's The Eras Tour concerts in Singapore. And it is not surprising that ...
Brokers’ take: RHB cuts DBS target by 7.6% amid weak earnings outlook
RHB Research has cut its target price for DBS by 7.6 per cent to S$33 from S$35.70, but maintained its “neutral” call on the stock, it said in a report on Friday (Jun 23). Read more at The Business ...
Briefs: MAS penalises Citi, DBS and OCBC for breaches of anti-money laundering requirements; Grab cuts 1,000 jobs
Quoteworthy: "That’s what the great embarrassment for dictators — when they didn’t know what happened." - US's Joe Biden.
UOB Kay Hian re-initiates ‘buy’ on Manulife US REIT with TP of 47 US cents
The "buy" call came as analyst Jonathan Koh sees the negatives as largely priced in within the REIT’s unit price ...
Phishing attempts on Singapore targets rose 175% to 8,500, with banking sector most spoofed in 2022
The heightened cyber threat environment last year was fuelled by geopolitical conflict and opportunism as COVID-19 restrictions eased, says the Cyber Security Agency of Singapore.
OCBC is first local bank to offer fully digital account opening services for foreigners
The service will enable them to open Singapore-dollar and multi-currency accounts on the OCBC Digital app remotely and within minutes. Read more at straitstimes.com.
MAS fines DBS, OCBC, Citibank and Swiss Life for Wirecard breaches
The Monetary Authority of Singapore (MAS) has fined banks DBS, OCBC, Citibank and insurer Swiss Life a total of SG$3.8 million for breaching requirement on anti-money laundering and countering the ...
Taylor Swift fans reportedly caused UOB card application surge
SINGAPORE — Applications for UOB debit and credit cards surged after it was announced that the bank's credit and debit cardholders will have privileged access to the pre-sale window and general ...
StanChart trimming roles as part of cost cuts, Bloomberg reports
Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an existing plan to cut costs by more than $1 billion through 2024, Bloomberg News reported ...
OCBC launches fully digital account-opening service for foreigners moving to Singapore
OCBC has launched a new digital account-opening service for overseas customers relocating to Singapore, the bank said on Thursday (Jun 22). Read more at The Business Times.
OCBC unveils digital account opening for foreigners moving to SG
OCBC has launched a fully digital account opening service for foreigners in select key markets. Individuals from Malaysia, Indonesia, mainland China, and Hong Kong will be able to open Singapore dollar and multi-currency accounts on the OCBC digital app ...
OCBC Offers Fully Digital Account Opening for Foreigners Relocating to Singapore
OCBC launched a fully digital accounts opening service for foreigners from Malaysia, Indonesia, mainland China and Hong Kong.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively. The Monetary Authority of Singapore (MAS) has imposed penalties amounting to S$3.8m on Citibank, DBS, OCBC, and Swiss Life for breaches of its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.