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MAS calls on local banks to cap this year’s dividends at 60% of previous year’s

THE Monetary Authority of Singapore (MAS) on Wednesday has called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate....

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MAS calls on local banks to cap FY20 dividends at 60% of previous year’s

THE Monetary Authority of Singapore (MAS) on Wednesday called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate. ...

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Consultation report recommends phasing out Sibor in 3-4 years, and replacing it with SORA

A CONSULTATION report has recommended that the SGD Singapore Interbank Offered Rates (Sibor) be discontinued in three to four years, and that the Singapore Overnight Rate Average (SORA) be used as the main interest rate benchmark for SGD financial markets.

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DBS to pilot face-verification tech to lure more digital banking signups

DBS bank customers who have resisted signing up for a digital banking account due to the hassle may now have a reason to go over to the other side.

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AI tech startup ComplyAdvantage nabs US$50m in Series C funding

LONDON-BASED ComplyAdvantage, which uses artificial intelligence (AI) to fight financial crime, has bagged US$50 million in Series C funding.

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TD Ameritrade Singapore removes commissions on online stock, ETF and option trades

TD Ameritrade Singapore announced on Wednesday that it will eliminate commissions on online exchange-listed stock, ETF (exchange-traded fund) and option trades for its clients trading the US markets in Singapore.

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UOL obtains S$120m green loan from UOB to redevelop Pan Pacific Orchard

UOL Group has obtained its first green loan - a S$120 million three-year term facility from United Overseas Bank (UOB).

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Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

THE three local banks in Singapore are estimated to have granted payment deferments to more than S$15 billion worth of mortgages as at the end of June this year, or almost 10 per cent of all outstanding mortgages.

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MAS revokes capital markets services licence of Apical Asset Management on anti-money laundering breaches

THE Monetary Authority of Singapore (MAS) on Tuesday revoked the Capital Markets Services (CMS) licence of Apical Asset Management for breaching the authority’s Anti-Money Laundering/ Countering Financing of Terrorism (AML/CFT) requirements.

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HK credit-card fraud syndicate stole details from Singapore victims: police

FIVE core members of a transnational online credit-card fraud syndicate, believed to be operating from Hong Kong, were arrested this month by the Hong Kong Police Force (HKPF).

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