Singapore
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Write-off of CS AT1 securities no risk to SG banks: analyst
The strong corporate governance and risk management add bank confidence.
OCBC opens Wuhan branch
OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.
OCBC launches net zero loan for corporates
Companies get a reduced interest rate on their loans when they meet targets.
No interruptions in Credit Suisse operations in Singapore: MAS
MAS said UBS’ takeover of Credit Suisse will not impact SG’s banking system.
MAS in “close contact” with Swiss regulators over Credit Suisse
Credit Suisse recently announced that it is borrowing up to CHF50b.
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
Singapore's MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
UOB prices A$1.5b dual tranche 3-year senior unsecured bond
The notes are expected to be issued on 16 March 2023.
DBS CEO Piyush Gupta earned 13.3% more in 2022
Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.
Card payments trump cash in Singapore
Over 9 in 10 of respondents in Visa’s latest study said they use cards to pay.
Banks offer flexiwork, mentor programmes to uplift women’s careers
This International Women’s Day, we spoke with Singapore’s big three banks on how they are helping close the gender gap in their workforces.
WealthTechs win by managing wealth and not the wealthy
WealthTechs are breaking down barriers to entry by fractionalising costs of assets, analysts said.
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances.
OCBC reports record net profit of S$5.75b in 2022
Full-year dividend is at 68 cents per share, 28% higher than in 2021.
Citibank Singapore names retail banking head
Matt Read’s appointment will take effect on 17 April.