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For Singapore banks, a lesson on greater transparency from Jamie Dimon

JPMORGAN'S long-standing CEO Jamie Dimon on Monday set out a 23-page shareholders' letter that outlined how the US bank is managing the crisis at hand, as brought on by the global virus outbreak.

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Banks across Singapore will close some branches till May 4

BANKS across Singapore have announced plans to close some branches till May 4 in anticipation of lower footfall amid tighter social distancing measures to curb the community spread of Covid-19 here.

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DBS doubles SME digital business loan quantum to S$200,000

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

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UOB to shut 24 branches from April 11 to May 4

UOB will close 24 branches in Singapore from April 11 to May 4 as fewer customers are expected with stricter safe distancing measures in place, said the lender in a statement on Tuesday. 

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Covid-19: DBS doubles SME digital business loan quantum to S$200,000

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

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MAS to adjust banks’ capital requirements amid Covid-19 pandemic

BANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday.

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TDSR limit waived for borrowers seeking deferred mortgage payments: MAS

BUSINESSES that qualify to defer payments for their secured property loans, as well as distressed property owners doing so for residential mortgages, will not be subject to thresholds set by the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

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No hospitalisation coverage for those who violate Singapore’s Covid-19 travel advisory: LIA

INTEGRATED Shield Plan insurers have aligned their policy coverage terms with the government’s measures to minimise the spread of the novel coronavirus, the Life Insurance Association of Singapore (LIA Singapore) announced on Monday night.

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SMEs wait for banks’ next move, with rise in government’s risk share for loans

THE government will further raise its risk-share of several enterprise loans, as it pulls out all the stops to enhance financing support so that "viable businesses" can continue to have access to credit, said Deputy Prime Minister and Finance Minister Heng Swee Keat on Monday.

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MAS to release first set of forex intervention data earlier

THE Monetary Authority of Singapore (MAS) will release data on its foreign exchange (forex) intervention operations on April 9, some three months earlier than previously scheduled.

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