Singapore
HSBC Singapore revamps branch network
This will include the revamp of its flagship branch in Claymore.
HSBC Singapore revamps branch network
This will include the revamp of its flagship branch in Claymore.
Citi enables credit card spend on recurring, big-ticket items
Users can use PayAll for rent and education and earn rewards.
DBS rolls out robo-advisor for wealth clients
Investment amounts start at $S1,000.
UK challenger bank Revolut set for beta launch in Singapore
It raised concern about the difficulties in obtaining foreign tech talent visas in the UK.
Bad loans haunt Singapore banks as asset quality risks mount
The NPL formation of OCBC and UOB rose by 137bp and 94bp respectively in Q4.
Weekly Global News Wrap Up: US investment banks trample European peers in market share; Standard Chartered to cut $700m in costs
And banks in Zimbabwe have started trading new currency.
Digitising investment suitability
For private banks and wealth managers, investment suitability is a hot regulatory topic and should be at the heart of front-office digitisation efforts. Increasingly, supervisors are expecting private banks and wealth managers to strive for good customer outcomes and demonstrate that their decision-making processes are centred on an understanding of customer needs.
Chart of the Week: Singapore banks' NIMs rose to 1.8% in 2018
DBS outperformed OCBC and UOB with its NIM widening 9bp.
Asia's private banks receive income boost as discretionary mandates mount
The set-up is more lucrative than a pay per trade basis.
ESG Financing in Asia: Ready for Take Off?
Asia’s Environmental, Social and Governance (ESG) financing scene is gaining traction against the backdrop of supportive government policies such as tax incentives and growing stakeholder pressure for responsible financing. The S$1.2b green loan raised by Singapore-based Frasers Property is the latest in a series of green loan deals in the region.
UOB NIMs to widen by 3bps in FY19: analyst
The bank’s SGD loan-to-deposit ratio remains the highest amongst its peers.
UOB's profits up 18% to $2.96b 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.
Weekly Global News Wrap Up: JPMorgan rolls out cryptocurrency; Estonia kicks out scandal-hit Danske bank
And the market rout weighed on HSBC's full-year earnings.
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
It rose 1.9 ppts in 2018 due to weak trading income and ANZ integration.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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