Singapore

J.P. Morgan has appointed two new senior roles for its Asia Pacific operations.

It caters to clients with a minimum AUM of $1.5m.

China has been seeing an increased tolerance of defaults.

USD/CNH and INR/USD futures both jumped.

The COVID-19 and the expected monetary easing will weigh on banks.

She will spearhead the bank’s data strategy and innovation efforts.

A 17% growth in fee income boosted income in Q4.

He hit the development banks in Asia, Africa, and Europe for lending too quickly to debt-heavy countries.

And German online bank N26 exits the UK.

Quarterly earnings report will be out by 13 February.

Internal controls and demands for financial services should be managed.

It will be allowed as long as financial regulators have access to data.

But high FY2019 momentum should present higher dividends.

S$NEER is still said to be in line with weaknesses in Singapore’s economy.

And Morgan Stanley pledges $20m for children’s mental health programs.

Buoyed by trends such as ongoing digitalisation, the use of big data, and the rise in seamless mobile internet connectivity, Southeast Asia’s financial services sector is transforming. With 360 million internet users across the region, accounting for approximately two-thirds of its population, 90 percent access the internet via their mobile phones. The increased emphasis on the digital experience has largely catalysed change across the global financial sector, giving rise to the digital banking phenomenon. As one of the region’s leading financial hubs, Singapore has a key role to play in this new regime.