Singapore
Why it's now time to break from the stock market's herd
“Rip Van Winkle would be the ideal stock market investor,” Richard Thaler, the Nobel prize-winning behavioral economist, points out. He adds: “Rip could invest in the market before his nap and when he woke up 20 years later, he’d be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.”
Why it's now time to break from the stock market's herd
“Rip Van Winkle would be the ideal stock market investor,” Richard Thaler, the Nobel prize-winning behavioral economist, points out. He adds: “Rip could invest in the market before his nap and when he woke up 20 years later, he’d be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.”
Basel III contractual PONV securities will still dominate APAC banks
How loss absorption will occur in practice remains to be seen.
Asian Banking and Finance Wholesale Banking Awards 2018 now open for nominations
Entries are accepted until April 20.
Citi names Adam Proctor as global market manager for Singapore, Australia, and New Zealand
He will report to Jyrki Rauhio, Citi Private Bank’s South Asia head, and will continue to be based in Singapore.
DBS to grow earnings by 24.9% in FY18
The bank is running on a healthy broad-based growth momentum into 2018.
Asian banks' earnings estimates are soaring
Better-quality asset growth and NIM expansion are amongst the factors.
Weekly Global News Wrap Up: European banks' battles continue; JPMorgan's physical branches vital to expansion
And BoA, Citigroup review policies allowing credit cards to buy bitcoin.
Chart of the Week: Which credit card makes Singaporean customers most satisfied?
The key factors are the card's rewards programme, cashback, and discounts and promotion.
ASEAN banks brace themselves from giant Chinese tech companies
These tech players venture into fintech using data from ecommerce.
58% of APAC banks aspire to reach digital maturity by 2020
They focus on digital innovations to improve risk management.
Bank J. Safra Sarasin Singapore appoints Vinay Gandhi as CEO
The Ultra High Net Worth (UHNW) division in Asia will report to him.
UOB rolls out new app feature allowing forex services sans conversion fees
Mighty FX comes in a set of 10 foreign currency accounts.
Mobile payment adoption in Singapore is on the rise despite security concerns
Singapore's usage of mobile payments has grown by 53% since 2017.
Citi's APAC consumer bank revenue up 7% at $7.3b in 4Q17
It is their sixth consecutive quarter of growth.
How real-time trading rocks the Asian forex boat
Bank Mandiri, Doha Bank, and UOB share their insights on how new platforms and technologies are changing the way they do forex.
UOB opens first 'non-traditional' branch for millennial customers
The new branch has more self-service machines and a QR code wall.
Deutsche Bank hires new managing directors for its wealth management Global South Asia business
Rasik Ahuja, Sagar Sapra, and Swapnil Mishra are the three new managing directors.