Financial Services
DBS beats OCBC, UOB as World's Safest Banks in Asia
These Singaporean banks dominated the top three spots in the list.
DBS beats OCBC, UOB as World's Safest Banks in Asia
These Singaporean banks dominated the top three spots in the list.
Singapore dollar sits at $1.2493
The US dollar has been edging up against the local currency along with other major currencies, says IG Markets Singapore.
CIMB Singapore drove Group growth in 2Q12
It proved instrumental to increasing net profit by 9.7% qoq to RM1.1billion.
Property bonds in focus
SGD rates closed 5-6bp higher across the curve, says OCBC Treasury Research.
Singapore dollar trades in tight range
The US dollar sits at $1.2483 against the local currency.
Singapore dollar trades at $1.245
Virtually unchanged, the local currency is expected to remain in a tight range against the US dollar.
OCBC's margin squeeze the worst among Singapore banks
Blame it on a culmination of reduced loan spreads, higher cost of long-term debt, and lower yields on interbank.
Manulife Singapore appoints Nirmala Nair as Chief Legal and Compliance Officer
Nirmala Nair is responsible for the Legal and Compliance functions in Manulife Singapore.
DBS' liquidity not yet a concern: CIMB
But it is gradually diminishing as one of the positives of the DBS franchise, warns the analyst.
You won't believe but banks are facing revenue headwinds
The banking sector's net interest income in 2Q has shrunk for the first time since 4Q09.
Singapore dollar holds firm at $1.245
Many will now be looking to MAS for clues to whether it may shift its policy ahead of its next meeting in October, says IG Markets Singapore.
Singapore joins probe against JPMorgan
The US’ largest bank is now under investigation by at least 11 enforcement bodies.
Singapore dollar trades at $1.245
The local currency could face further pressure after revised Q2 GDP figures were released, says IG Markets Singapore.
UOB net interest margin under mounting pressure
The all-important bank performance and profitability measure could dip another 2bps.
UOB profit surges 3.6% to S$713m
Thanks to robust ASEAN businesses and gain on investments.
Singapore dollar struggles to hold onto gains
Traders have taken on a risk-on sentiment as eurozone issues calm down and US corporate earning perk up, says IG Markets.
UOB's 83-year old chairman Wee Cho Yaw to step down next year
The group assures sensible management transition with a former CEO of Singapore Exhange assuming position.
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