DBS is reportedly expected to shed office space in Singapore, joining other banks in rethinking their physical real estate given the impact from Covid-19. What are the implications for both the banking industry, and office rental? The Business Times dives in.
DBS is reportedly expected to shed office space in Singapore, joining other banks in rethinking their physical real estate given the impact from Covid-19. What are the implications for both the banking industry, and office rental?
A GROUP of lenders - DBS, UOB, Maybank, SMBC and OCBC - has provided South Beach Consortium (SBC) with a five-year green loan totalling S$1.22 billion.
STANDARD Chartered (StanChart) has tied up with Singapore-based fintech BetterTradeOff to launch a free online financial planning tool.
STANDARD Chartered (StanChart) has tied up with Singapore-based fintech BetterTradeOff to launch a free online financial planning tool.
STANDARD Chartered has named UBS veteran Raymond Ang as its new global head of private and priority banking, subject to regulatory approval.
BANKS have scaled back their physical footprints in prime office areas over the last decade, as they reviewed and consolidated their operations. But the pandemic is likely to push some to make more cuts.
SINGAPORE'S property market rebounded strongly after a slow first half of the year in 2020, with home prices hitting new highs into the first quarter of this year. This is despite Covid-19 casting a shadow over the broader economy.
UOB's sustainability bond ratings will likely not see any upward pressure, given they are among the highest assigned to banks globally, Moody's Investors Service and Fitch Ratings said on Thursday.
UOB has appointed Eric Lim as its first chief sustainability officer (CSO) to lead a dedicated corporate sustainability office focused on achieving the bank's green goals.












