Singapore

Tourism-related firms are eligible for a $1m loan with a 5% interest rate.

And JPMorgan confident that it could withstand economic stresses.

It stressed that it would never ask the public for personal or bank information.

Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.

It is now the fifth biggest fintech market in APAC.

The deal is said to bear the lowest coupon for any AT1 USD deal in the world.

It digitises companies’ cash flow.

A final dividend of $0.39 (S$0.55) and a special dividend of $0.14 (S$0.2) was as recommended.

TMRW is on track to be marginal profit positive in five years.

These updates will supplement the half-year and full-year reports.

Core net profit leapt 10% to S$4.9b in FY 2019.

Bank management teams have faced many challenges in the decade post the global financial crisis. After stabilising balance sheets in its immediate aftermath, there was a need to build capital as the Bank of International Settlements’ (BIS) regime was tightened. More recently banks have had to conceptualise the threats and opportunities posed by fintechs, and more latterly by ‘big tech’ companies and invest to meet the challenge. In addition, within South East Asia, banks have had to deal with the GDP slowdown post 2013, and the impact this has had on loan growth and credit quality.

Its retail lending clients are less sensitive to borrowing rates..

Karina van Dyke will join the bank’s CCIB division in Singapore.

Further drops in prices of financial assets are likely if the COVID-19 outbreak persists.

And customers were outraged by N26 UK exit.