Singapore

Westpac appoints Frances Cheung as head of macro strategy for Asia

Westpac Banking Corporation (Westpac) appointed Frances Cheung as Head of Macro Strategy, Asia, to further expand its Financial Markets capability and build deep relationships with Westpac’s clients in the region and globally.

Westpac appoints Frances Cheung as head of macro strategy for Asia

Westpac Banking Corporation (Westpac) appointed Frances Cheung as Head of Macro Strategy, Asia, to further expand its Financial Markets capability and build deep relationships with Westpac’s clients in the region and globally.

Why Singapore banks will still be laden with O&G woes

Every 10bps increase in credit cost estimate will cause a 7% cut in net profits.

HSBC appoints Alan Turner as head of commercial banking for Singapore

In this role, Mr Turner will have responsibility for HSBC’s Large Corporates and Small and Medium Enterprise (SME) banking segments, as well as leading the Global Trade and Receivables Finance, and Global Liquidity and Cash Management solutions businesses in Singapore.

Singapore banks' wealth management fees to post double-digit growth

It formed up to 44% of banks' commission income in 1H17.

OCBC enables customers to make cashless payments with new mobile keyboard

Customers can now make e-payments without exiting their current mobile app.

Singapore banks' non-interest income to increase by up to 15%

Thanks to wealth management fees and net trading income.

Weekly Global News Wrap Up: US banks' profits up 10.7% to $48.3b; How big tech is disrupting banks

And find out why Frankfurt and Dublin seem to be winning the battle for Brexit jobs.

Chart of the Week: Singapore banks' ROEs to trend higher into FY18-19E

Maybank Kim Eng outlines three reasons behind this forecast.

OCBC's net profit to grow 3% in the next two years

This will be on the back of higher loan growth.

DBS invests $20m to train employees to become digital bankers

The bank will launch a programme that comprises AI-powered learning.

Standard Chartered names Pedro Cardoso as global head, digital commerce

Standard Chartered announced that Pedro Cardoso has joined its Retail Banking team taking on the role of Global Head, Digital Commerce on 2 August 2017.

What will drive Singapore banks' sharp loan growth recovery?

The 7.6% growth in July was a significant improvement from the low of -2.7% in May 2016.