Singapore

The bank will facilitate the opening of bank accounts in Tazapay.

It is also the 100th biggest bank globally.

Financial literacy is a prong that must be reinforced to improve digital services.

The group has added over $5b in net new money in Q1 alone.

Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.

Wealth management income jumped 40% in Q1 from the previous quarter.

SIngapore has scaled back the number of employees allowed in the office to 50% of the workforce.

Approximately 6,000 of these new jobs are permanent positions.

The acquisition includes clients and BMO’s relationship management team.

For years, banks treated online banking as an afterthought. A website and a mobile app were necessities, but creating a digital channel that fully serviced customers wasn’t a priority. When COVID-19 struck, customers of all demographics completely switched to online banking -- and most won’t go back. Digital banking is no longer an additional channel. From now on, digital is the default.

And investors doubt Canadian banks' commitment to emissions targets.

DBS' net profit doubled in the first quarter of 2021.

The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.

James Clark will begin serving his new role on 24 July.

Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.

Business reopenings and ongoing COVID vaccination program will support spending.