Financial Services
UOB's profits up 18% to $4.01b in 2018
Total income for their Retail, Wholesale Banking and Global Markets also rose.
UOB's profits up 18% to $4.01b in 2018
Total income for their Retail, Wholesale Banking and Global Markets also rose.
OCBC profit up 11% to $4.49b in FY18
Net interest income rose 9% to $5.81b.
Cash and cheques still account for 40% of Singapore payments
Hawker centres, food courts and wet markets remain heavily dependent on cash.
Great Eastern profits crashed by 29% to $1b in FY18
Operating profit growth from Insurance Business countered its decline.
Singapore bank ROEs to hit over 11% in 2020
Thanks to the shift towards fees and commission in the non-interest income mix.
DBS cost-to-income ratio to ease to 43% in 2019
Cost-to-income ratio will dip to 43% from 46.3% in 2018.
Standard Chartered unveils Takashimaya Shopping Centre branch
It features an automated Cash Bag Deposit machine for business banking clients.
OCBC Bank launches token feature on their app
The rollout started in Singapore last month.
Singapore Life acquires prepaid Visa card brand Canvas
The spending tracker platform is expected to launch by mid-2019.
DBS full-year profit surged 28% to $5.63b
Fee income hit $2.78b as led by card and wealth management.
Bank of Singapore and Edelweiss Group tie up to capture the Indian wealth opportunity
The partnership would provide clients of both entities to access to their respective product platforms.
UOB launches its first digital bank in Thailand
‘TMRW’ does not have a traditional app menu as it claims to learn a user’s preference over time.
Former HSBC global banking head Chow Wan Thonh joins Standard Chartered
She will succeed Patrick Lee who was promoted to CEO in July 2018.
CapBridge offers investments into private equity from $5,000
‘Preferred Access’ will cater to those seeking to invest in unlisted private companies.
UOB launches high street Wealth Banking branch at Faber House
It aims to cater to the 476,000 emerging affluent customers in Singapore.
DBS appoints former Citibank Singapore CEO as group head of strategy and planning
Han Kwee Juan is a veteran banker with a formidable 27-year career experience.
DBS wealth management fees to contract 1.3% in 4Q18
The decline is attributed to high net worth clients continuing to be risk averse.
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