Singapore
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
Singapore's central bank assures that local financial market is functioning normally
The regulator has left a higher level of liquidity in the banking system.
COVID-19 could drive DBS and OCBC's dividends to go over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
OCBC launches cheque encashment service in select ATMs
Customers will be able to encash up to $30,000 in a single cheque in ATMs at 23 branches.
Wirecard to process GrabPay transactions for MSMEs
It will also expand GrabPay to more merchants.
Citi Singapore ups paternity leave to four weeks
This is in line with the bank’s new global parental leave policy across 74 markets.
Chart of the Week: Half of Korean banks' loan quality imperiled by prolonged COVID-19 outbreak
This could impact the broad service and manufacturing sectors that make up about 58% of loans.
Weekly Global News Wrap: Financial firms beef up COVID measures; Europe mulls relief for banks
And Goldman Sachs is ‘very open’ to acquisitions.
How Real-time Payments Can Fuel Emerging Business Models
Instant payments are being implemented around the world, promoted by governments to support financial inclusion and the digitisation of economies.
Bancassurance in Asia
Delivering a step-change in value.
Singapore card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
UOB, Prudential Singapore launch women's savings account
It offers free insurance coverage against six women-related cancers.
Mapletree Investments clinch $316.7m sustainability loan from OCBC
This is Mapletree Group’s fourth sustainable finance transaction with the bank.
South Asians, SEA preferred repeat online loans in 2019
69% of Vietnamese had a single loan, but only 31% had repeat loans.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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