Singapore

Why Singaporeans are okay with locking away over $4b of their money

Customers can only access ‘locked’ money with a physical card or by visiting a branch. 

Why Singaporeans are okay with locking away over $4b of their money

Customers can only access ‘locked’ money with a physical card or by visiting a branch. 

'Tighter' financial conditions to weigh on Singapore's lending market: MAS

Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.

Maybank Singapore prevents loss of S$1.16m across 17 cases

One case sees a service manager prevent a S$37,000 scam.

DCS Card Centre secures add’l $100m upsize in asset-backed notes

The funds will be allocated to finance DCS's receivables from retail and corporate customers.

Bank of Singapore names Credit Suisse banker as Greater China COO

Ronnie Cheung was appointed as Credit Suisse’s Hong Kong COO in 2021

OCBC unveils new financing programme for women SME owners

They can avail of up to $100,000 in loans with processing fees waived.

Citi’s Shally Koh on how to foster a more diverse banking organisation

The bank is touting its male allyship and mother support programs as part of its bid for gender equality.

Ex-CEO, directors of Envision Wealth Management charged by MAS

They allegedly committed offences against the Securities and Futures Act, amongst others.

Trust Bank is most positively viewed financial brand by Singaporean women

It beat out other banking heavyweights and card network giants to emerge on top.

OCBC’s Mayda Lim in building the next pipeline of tech, banking talent

Lim weaves the need to support women bankers with the wider talent shortage in the industry.

No record-high earnings for Singapore banks in 2024, but loans to recover

The US Federal Reserve is expected to start cutting rates in mid-2024.

Currencycloud obtains In-Principle Approval for MPI licence in Singapore

It offers to ability to collect, convert, and spend multiple currencies across 180 markets.

CIMB Personal Loan offers 2.8% interest rate per annum

Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.

Maybank Singapore gave out up to S$1,250 to junior employees

The one-time payment was given out in February.

DBS, OCBC, and UOB post combined net interest income of $8.3b in 4Q23

4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b.

Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value

Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting core financial and societal needs. 

Tiger Brokers introduces debit card that gives fractional shares as rewards

It can be added to Apple Pay or Google Pay wallets for contactless payments.