Financial Services
HSBC appoints Paul Arrowsmith as Head of Retail Banking and Wealth Management
He will be reporting to Alex Hungate, General Group Manager and CEO in Singapore.
HSBC appoints Paul Arrowsmith as Head of Retail Banking and Wealth Management
He will be reporting to Alex Hungate, General Group Manager and CEO in Singapore.
StanChart’s income reaches a record US$1.094b
The bank's operating profit also increased 11% to a record US$465 million in the first half of 2011.
Changes loom for the Stamp Duties Act
A public consultation is being conducted until 23 August.
Life insurance sales surge 38% in H1 2011
The industry’s new business premiums amounted to a whopping $941.5m.
OCBC's profit up 15% to S$577m
Thanks to growth in loan, trade-related and wealth management activities. Profit for the second quarter of 2010 was S$503 million.
Great Eastern Holdings’ profit down 26% to S$118m
Weaker quarter-on-quarter earnings were attributed to lower non-par fund profits.
HSBC’s pre-tax profit up 16% to US$6.8b in H2 2011
And Singapore delivered pre-tax profit of US$327.
“The litigation is wholly without merit”: Citigroup
Citigroup’s Singapore unit denied wrongdoing after an 88-year-old partly deaf client claimed he was misled by his banker.
Roles of the modern CFO in Asia
Last month, accountants and finance professionals from all over Singapore gathered at the ACRA Public Accountants’ Conference “Transitioning from...
Does your company have an effective risk transfer program?
Following the global financial crisis, organisations are seeking new ways to reduce costs while still retaining their service and corporate...
DBS sets up US$5bn Euro-Commercial Paper Programme
Proceeds to be used for the general business purposes of DBS and its subsidiaries.
HSBC to cut 25,000 jobs by 2013
And it will exit operations in 20 countries as it looks to save billions of dollars.
Countless credit: Loans in Singapore reached a whopping $374b in June
Guess which sector was in dire need of cash and accounted for 56% of the total loans?
DBS’ trading income volatility set to persist
In Q2 2011, trading income slumped 43% to $146 million.
DBS’s profit up to S$735m
But the second quarter result is only a 2% increase compared to 2010.
MAS and China’s banking regulator ink supplemental MOU
Latest pact addresses the need for greater international cooperation to manage crises.
Corporate shocker: Fitch warns investors on risks from Indian perpetual bonds
Though these bonds invariably have equity-like features, Fitch says they should be treated with considerable caution.
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