SINGAPORE banks' capital ratios should be sustained at around 14 per cent over the next few years, or they risk triggering a rating downgrade, warned Fitch Ratings.
THE Singapore Exchange (SGX) has signed a memorandum of understanding with Chinese securities brokerage house GF Securities Corporation to promote greater connectivity between Singapore and China's capital markets, SGX said on Monday.
CGS-CIMB has downgraded Singapore-based wealth management and brokerage platform iFast Corp to "hold" from "add", although it increased the target price to S$2.44, from S$1.85 previously.
WITH the US elections looming, a Trump presidency is not necessarily better for the US dollar (USD), while a Biden administration may not be as USD-negative as believed, OCBC Treasury Research said in a research note on Friday.
BANK lending in Singapore extended its slide for the fifth straight month in July, dipping 0.2 per cent from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday.
WITH unemployment set to rise amid Singapore's deepening recession, there have been calls of late to bring home back-office jobs in the banking industry that have been offshored to countries with lower labour costs and abundant manpower.
OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary, KS Drilling, under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.
FINANCIAL advisers here who are pushing critical illness (CI) insurance plans with misleading claims over changes to CI definitions risk tarring the reputation of the industry, especially as more marketing of products is flowing to the greyer areas of social media.
OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary KS Drilling under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.
