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Britain’s struggling banks reveal its economic weakness

THE UK's biggest banks have come a long way since the financial crisis, when taxpayers had to rescue them to the tune of tens of billions of pounds. They're certainly stronger, with comfortable capital buffers, as they head into what could be the worst recession in three...

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Singapore Fintech Festival returns in December with round-the-clock virtual and physical events

THE annual Singapore Fintech Festival and Singapore Week of Innovation and Technology take place this December in a hybrid online-offline platform, with round-the-clock events.

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UOB launches digital bank TMRW in Indonesia

UNITED Overseas Bank (UOB) on Monday launched its digital bank TMRW in Indonesia.

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StanChart to boost presence in Singapore as first ‘significantly rooted foreign bank’ here

STANDARD Chartered Bank Singapore has been granted additional privileges as the first bank to qualify as a Significantly Rooted Foreign Bank (SRFB) in the Republic, the Monetary Authority of Singapore (MAS) said on Monday.

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UOB launches finance academy for employees

UNITED Overseas Bank (UOB) has announced the launch of UOB Finance Academy, a dedicated training and development programme in Singapore focused on equipping all employees in the bank's finance function with the soft and technical skills required to become future leaders in their field.

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Singapore banks face scrutiny on asset quality at upcoming Q2 results

MOUNTING concerns over asset quality are likely to take centre stage at the upcoming quarterly results of Singapore's banking trio as companies brace for a prolonged crisis.

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Dividend cap on Singapore banks to weigh down sentiment

ANALYSTS have reset their dividend estimates for Singapore banks in the upcoming second-quarter results, while also projecting for sharp dips in share prices in the near term, after the regulator nudged banks to cap their dividends.

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When is a financial institution not a financial institution? When it’s Wirecard

IT WOULD have been the quintessential business success story. Founded in Munich in 1999, this small payment processor for online gambling and pornography sites grew so massive that, by 2018, it had displaced Commerzbank from Germany's prestigious Dax 30 index.

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DBS unveils new digital planning tools to boost financial resilience

DBS says a third of its customers had negative cash flow in January to June 2020. The bank also says it is ramping up its suite of digital financial planning solutions and tools to empower Singaporeans for a head start in retirement planning and to boost their...

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Singapore banks’ dividend cap to bring short-term pain, but higher payouts in end

SHARES of Singapore's local lenders extended their slide on Thursday, after the central bank asked them to cap dividend payouts.

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