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HSBC Life Singapore appoints CIO, chief product officer

HSBC Life Singapore on Monday said it has appointed senior executives Philip Pang and How Chee Koon as chief investment officer (CIO) and chief product officer respectively.

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FWD acquires minority stake in financial advisory firm IPP Financial Advisers

INSURER FWD Insurance has acquired a minority interest in financial advisory firm IPP Financial Advisers (IPPFA) as the two firms enter into a strategic partnership.

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China Life Singapore to hire more than 500 consultants in next five years

CHINA Life Insurance (Singapore), which normally sells its insurance products through banks and financial companies, now plans to hire more than 500 consultants in Singapore over the next five years to provide a more dedicated service to its clients.

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DBS named world’s best bank for third consecutive year

DBS has been named the best bank in the world by New York-based financial publication Global Finance, marking the third year in a row that the Singapore-headquartered bank has received the accolade from a financial publication.

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Pennant formation marks inflection point for NZDUSD

The NZDUSD pair started off the year uneventfully by making a series of slow descends from 0.6757 to 0.6193 from the period of January to March 2020. The Covid-19 pandemic, which escalated in March, stirred up high levels of volatility and exacerbated the downward descend by twice...

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DBS named best bank globally for third consecutive year

DBS has been named the best bank in the world by New York-based financial publication Global Finance, marking the third year in the row that the Singapore-headquartered bank has received the accolade from a financial publication.

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Singapore banks averaged 4.2% total returns in August: SGX

LOCAL lenders DBS, OCBC and United Overseas Bank (UOB) averaged 4.2 per cent total returns in August 2020, outpacing the median total return of the top quartile of global banking stocks by market value.

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StanChart to charge S$5 for card, loan bills paid over branch counters

STANDARD Chartered Singapore has imposed a S$5 service fee per transaction for all credit card or personal loan payments made over branch counters.

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MAS move on access to SGD, USD for banks ‘a pre-emptive measure’

THE latest move by the Monetary Authority of Singapore (MAS) to boost access to Singapore dollar (SGD) and US dollar (USD) funding for banks will give them more flexibility to manage liquidity in times of market stress, strengthening resilience in the sector, said analysts.

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DBS sees strong growth in private bank business

DBS Private Bank (DBS PB) has generated strong growth in assets under management (AUM) this year, despite the market volatility and economic uncertainty brought on by Covid-19.

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