Financial Services
Singapore banks bleed as Swiber fiasco drags on energy firms: Bloomberg
SGX Oil and Gas index sank to new lows.
Singapore banks bleed as Swiber fiasco drags on energy firms: Bloomberg
SGX Oil and Gas index sank to new lows.
Chart of the day: Here's why O&G exposure might decimate Singapore’s banking giants
DBS’ pre-provision income could crumble by over 60%.
CPF unveils new “escalating plan” for retirement payout scheme
Monthly payout increases 2% per year.
Daily Briefing: SGX makes formal offer for Baltic Exchange; DBS gave Swiber bridging loan before wind-up application
And ex-Keppel agent says managers backed bribes.
MAS unveils panel to monitor international developments in FinTech
It will comprise of innovation officers from financial institutions.
Here’s why Singapore banks face plummeting asset quality amidst Swiber fiasco
DBS’ earnings are expected to take a 3.1% hit.
OUE Hospitality Trust’s DPU drops 39.5 % to 0.92 cents
Full-year outlook is also not very welcoming.
Fintech startup led by two students scores first bank partnership with DBS
It secured around $ 1.7M funding.
Plummeting oil prices slam Singapore banks with stressed assets
OCBC’s nonperforming assets surged 91% in Q2.
Singapore banks’ lacklustre results reveal glaring weakness in asset quality: Moody’s
Non-performing loans are at a disappointing uptrend.
Daily Briefing: Plunging oil prices sink Singapore’s banks; Swiber drops liquidation plans
And reclaimed city off Singapore triggers ecology fears.
What Singapore banks need to know about protecting privileged accounts
Most people have been following the story on the Bangladesh Central Bank Heist. If you haven’t, here is the scoop and timeline. On May 15, 2015, three...
Soft global economy to deluge UOB with nonperforming loans in H2
While net interest margin remains narrow.
Swiber’s wind up to slam DBS’ FY16 profits
The bank declared a whopping $700m exposure.
UOB’s net profit jumps by 5.1% to $801m in Q2
Thanks to its rising non-interest income.
OCBC’s net profit plummets by 15% to $885m in 2Q
On back of lower insurance income.
Daily Briefing: OCBC profit slumps 15%; Commercial property market to plummet further
And here’s why Singapore’s industrial production fell.
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