Financial Services
High levels of fraudulent car insurance claims proving challenge for insurers
The motor insurance industry has seen steady losses over the last few years and this is an area that general insurers face challenges in, said...
High levels of fraudulent car insurance claims proving challenge for insurers
The motor insurance industry has seen steady losses over the last few years and this is an area that general insurers face challenges in, said...
ICAP appoints Mark Price as chief operating officer
He will have overall responsibility for Risk, Compliance and Human Resources and provide management oversight of ICAP’s Information Technology...
What you need to know about the new OCBC Wealth Panel
You now have 6 leading financial experts to address your investment dilemmas.
DBS Bank enters MAS bilateral currency swap
This agreement between the central banks of Singapore and China will be used to provide financing to a Singapore-based commodities company exporting...
HSBC appoints Rohit Joshi as Head of Global Payments and Cash Management
Rohit was previously the Managing Director of HSBC Bank Limited.
OCBC Bank prices A$500m of senior unsecured notes
The notes have been rated Aa1 by Moody’s, AA- by Fitch and A+ by Standard & Poor’s.
China’s benchmark deposit rates shoots to 6.56%
Benchmark lending rates have also been raised to 3.5%.
StanChart sued in Singapore for $2m
Thai businessman Chatchai Yenbamroong claims the bank gave him negligent and fraudulent investment information.
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
Banking bonanza: Asia-Pac investment banking revenue booms 32% to a record $6.1bn
UBS ranked first with a 5.6% market share in 1H 2011, followed by Goldman Sachs and Credit Suisse.
CIMB Securities Head busted for false trading
MAS has fined Wong Chow Lin $50,000 and given him a 2-year ban.
Asian corporates are unaware of broader spectrum of risks: Fitch
They are missing the picture by focusing on communication and spin rather than on better corporate governance, argues Fitch MD Andrew Steel.
Singapore banks show stunning loan growth at 24.2% YoY
And this is driven by business loans which expanded 27.5% in May.
Bank of Singapore appoints Richard Jerram as its Chief Economist
Jerram will be tasked to furnish macro-economic research reports with an emphasis on Asia and the Emerging Markets.
Lagarde will lead IMF with a clear sense of purpose: IMFC Chair
Mr Tharman Shanmugaratnam is confident about the appointment and is keen on reforming the international monetary system in the long term.
DBS Bank taps Singapore-China bilateral currency swap facility
Move targeted to further open up of opportunities by providing RMB financing to Singapore-based companies exporting to China.
Maybank Singapore launches the first Syariah-compliant savings account
This account caters to the local population of around 450,000 Muslims.
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