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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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StanChart to charge S$5 fee for credit card and 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 introduces new SGD funding facility for banks, boosts access to liquidity

THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector's resilience.

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CapitaLand obtains two-year S$200m SORA-SOFR loan from UOB

UNITED Overseas Bank (UOB) and CapitaLand have entered into an agreement for a two-year S$200 million term loan which references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR).

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OCBC prices US$1b subordinated notes due 2030 at 1.832%

OCBC Bank has priced its US$1 billion subordinated callable notes due 2030, to be issued at par on Sept 10. They are expected to qualify as Tier 2 capital of the bank.

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DBS gets regulatory nod to set up JV securities firm in China

CHINA'S renewed push to open up its financial sector has cracked the door open further for DBS.

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OCBC to make third round of rate revisions on 360 account

OCBC will make revisions to its flagship savings account from Oct 1, raising the minimum amount to earn the maximum interest rate.

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OCBC makes third round of rate revisions on 360 account

OCBC will make revisions to its flagship savings account such that customers currently earning the highest salary credit bonus interest will, from Oct 1, need to bank in S$15,000 more to hold on to the rate.

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