Featured Archives • Page 1015 of 1189 • Financial News

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Borrowers in jobs at risk face tighter processing for new home loans

HOME buyers are reportedly facing tighter credit assessment when they apply for mortgages - especially if they work in sectors that have been severely affected by Covid-19.

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SORA benchmark gets teeth against financial misconduct

THE Monetary Authority of Singapore (MAS) will prescribe the Singapore Overnight Rate Average (SORA) as a financial benchmark under the Securities and Futures Act (SFA), as well as enhance its transparency and data availability, as part of a slew of measures to support the adoption of the...

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Citi on track to grow retail wealth business in Singapore

CITI has said its plans to double its retail wealth market share in Singapore over the next few years remain on track, as it appointed a new head for its Singapore retail banking arm.

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Borrowers in Malaysia can tap targeted relief from Oct 1: report

THE move by Malaysia's central bank to extend relief to a targeted group of borrowers after a blanket moratorium expires on Sept 30 could apply to more than the three million individuals and businesses that Bank Negara Malaysia (BNM) estimated to be in need of such relief,...

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MAS to enhance transparency, data availability of SORA to catalyse greater activity

THE Monetary Authority of Singapore (MAS) will prescribe the Singapore Overnight Rate Average (SORA) as a financial benchmark under the Securities and Futures Act (SFA), as well as enhance its transparency and data availability, as part of a slew of measures to support the adoption of the...

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Citibank names Singapore retail banking head, carves new role for retail HNW segment

CITI has made two internal senior retail banking appointments in Asia Pacific that are based in Singapore, including a newly created role with oversight of the bank’s retail high-net worth clients as well as a new head for its Singapore retail banking arm.

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Franklin Templeton merges with Legg Mason, with ‘minimal cuts’ in Singapore

FRANKLIN Templeton has completed its merger with fund management company Legg Mason at end-July with minimal staff cuts in Singapore, with the US offices absorbing most of the 8 per cent staff layoffs from its combined workforce of about 12,600.

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Research institute to support digital financial services needs in Asia

THE Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will jointly set up a research institute that supports the needs of digital financial services in Asia.

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Hong Kong developer Swire Properties obtains HK$1b green loan from OCBC

SWIRE Properties has signed a five-year HK$1 billion (S$177.4 million) green loan with OCBC Bank.

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Asian institute for digital finance to start operations in Singapore by end-2020

THE Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will jointly set up a research institute that supports the needs of digital financial services in Asia.

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