Financial Services
OCBC’s earnings to slump 6-8%, warns analyst
CIMB cuts its FY11-13 earnings estimate for OCBC by 6-8% mainly from insurance and trading-related income.
OCBC’s earnings to slump 6-8%, warns analyst
CIMB cuts its FY11-13 earnings estimate for OCBC by 6-8% mainly from insurance and trading-related income.
Meet Manulife’s new senior management appointees
Manulife Singapore appoints key people in wealth management, marketing, and human resources who will all report to CEO Annette King.
DBS Bank unveils innovative recruitment strategy to woo talent
“Behind the Scenes@ DBS” initiative underlines the bank’s commitment to identifying and nurturing future leaders.
Bank of China sets up forfaiting and commodity units in Singapore
The lender is the first from China to offer the services overseas.
Banks worldwide set their sights on Asia
As it is predicted to become the dominant center for global trade flows over the next 12 months.
DBS Bank and NDB Group strike deal to deepen investment banking partnership
Strategic alliance to cover equity and debt issuances, project financing, M&A areas as Sri Lanka’s economy is expected to grow.
Bankers in Asia Pac shrug off anti-money laundering
It’s clearly not a priority as only 27% of financial institutions discuss anti-money laundering at board level.
GIC puts heat on UBS to take firm action on alleged fraudulent trading
As its largest shareholder, GIC is disappointed at UBS’ lapses relating to the $2.3b trading loss and urged UBS to take firm action to restore...
What you need to know about DBS' key hires
As at end-August 2011, DBS Wealth Management employs nearly 450 staff across the region.
UBS Chief Gruebel faces pressure from Singapore board
Oswald Greubel may be forced to shrink the investment bank after the $2.3b loss from fraudulent trading last week, according to Bloomberg’s report.
We take this seriously: MAS on OCBC’s disruption of services
The Monetary Authority of Singapore will determine the appropriate regulatory action upon assessment of the investigation’s outcome.
DBS Bank's S$250mn investment to raise the bar of Asia’s private banking
The lender launches DBS Treasures Private Client and other moves to take Asian private banking to a new level.
Singapore’s loan growth slowdown may be more severe, warns analyst
FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.
UBS board to discuss $2.3b loss
Sacking looms as the bank’s directors will also meet in Singapore to review possible management changes.
Deputy Prime Minister Shanmugaratnam appoints Mr Michael Lim Choo San as Chairman of the Pro-Tem Singapore Accountancy Council
His new role will take effect from 1 October 2011.
UOB is the best managed among the Singapore banks for liquidity risks
Its capital buffers are also the highest compared to OCBC and DBS.
UOB on track towards ASEAN expansion
As 36% of its group profits in 1H 2011 came from markets outside Singapore.
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