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THE Covid-19 pandemic and the ongoing recession took a toll on insurance sales in Singapore in the first six months this year. 

LIKE the rest of us, the world's finance industry is still wrestling with the huge uncertainty of a pandemic that doesn't yet have an end. The sector's reputation took a battering after the financial crisis, and it's too early to say how things will go this time....

OCBC took a knife to its offshore support vessels exposure, providing in full against bad loans for what Citi Research calls a "legacy book", and crunching its exposure down to negligible levels.

IN THE first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R. Shanmugaratnam has been slapped with four charges of falsifying letters that stated bogus balances held in his company's accounts.

CHIPS, Chats, and Swift. They refer to the machinery of international finance that gives America extraordinary leverage. Like so much else, they're also weapons in the coming cold war between China and the US. The People's Republic resents Washington's dominance over global payments and wants its own...

THE Monetary Authority of Singapore (MAS) on Friday urged finance companies incorporated in Singapore to cap their fiscal 2020 total dividends per share at 60 per cent of fiscal 2019's level, the same way the regulator called for the Singapore banks to do so.

THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its "unusual price movements" after iFast shares rose more than 12 per cent.

IN THE first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R Shanmugaratnam has been slapped with four charges of falsifying letters that stated bogus balances held by his company’s accounts. 

OCBC on Friday posted a larger-than-expected 40 per cent fall in Q2 net profit on surging provisions, as the bank joined its peers in bumping up provisions to buffer against bad loans to emerge amidst the pandemic-fuelled crisis.

OCBC's Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provisions to write down the carrying value of the existing offshore support vessels (OSVs) that back corresponding impaired loans - a move that has crunched down its exposure to the...