Financial Services
DBS less likely to suffer slower loan growth from housing curbs
It has granted fewer housing loans compared to OCBC and UOB.
DBS less likely to suffer slower loan growth from housing curbs
It has granted fewer housing loans compared to OCBC and UOB.
Half of SMEs asked small accountants' help in importing
This helped them realise trading opportunities from free trade agreements, a study said.
Over 150 Changi Airport outlets to use WeChat Pay
The launch of the e-payments platform targets the airport’s Chinese passengers.
Singapore banks to gain from property cooling measures: Moody's
It can reduce future price shocks and mortgage loan losses, according to the ratings agency.
MAS seeks to require fund managers to report misconduct
It also proposed amendments to how financial institutions should report misconduct.
Mastercard and Commercial Affairs Department launch card fraud detector
Mastercard donated 10 pieces of the reader to the department.
Property cooling measures slow banks' loan growth
UOB could be hit the hardest as 27.6% of its total loans are home loans.
Property cooling measures could threaten banks' loan growth
The cooling measures may likely strike UOB as it is the most exposed to property-related lending.
Fintech firm AsiaCollect bags $4.5m in funding from SIG Asia Investments
The firm helps banks and non-bank lenders recover overdue consumer loans.
Singapore alternative AUM grew 16.9% in 2016-2017
Venture capital and private equity bolstered growth.
7,800 jobs added to fintech and financial services sector in 2016-2017: MAS
Growth was driven by the insurance and fund management industries.
Maybank launches lifestyle app for instant points-redeeming
Users may instantly redeem from around 200 rewards which include air miles, and branded merchandise.
CIMB Singapore launches online application for SGD fixed deposits
It will offer promotional rates for the deposits until 31 July.
HSBC Singapore rolls out investment advisory platform for high net worth depositors
Clients with at least $1.2m in deposits also gain access to a luxury lifestyle concierge.
1MDB scandal origins linked to Goldman bankers' lunch in Singapore
About US$577m was syphoned from a bond sale that was discussed in a restaurant.
Singapore bank loans up 5.48% to $667.89b in May
Business and consumer loans grew 5.78% and 5.01% respectively.
These two banks are the most vulnerable to growing trade tensions
The Greater China region represented a fourth of one bank’s profit before tax.
Read Here
Advertise
Sign Up
