THE introduction of up to two new digital full banks in Singapore may shape up to be a rewards-driven pursuit, with over half of consumers willing to bank with non-traditional providers enticed primarily by "offers and promotions upon sign-up".
UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.
UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.
THERE will likely be a higher-than-average number of sovereign rating actions this year, due to the coronavirus outbreak’s economic impact combined with the policy responses, Fitch Ratings said on Wednesday.
UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused several countries to go into lockdown mode.
DBS Equity Research on Tuesday cut its target prices for OCBC and UOB on heightened credit costs and margin pressures, following the US Federal Reserve's 100 basis point (bps) rate cut in response to the global novel coronavirus outbreak.
HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.
HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.
CITIBANK Singapore plans to double its wealth management business in terms of number of customers and market share from its current 5 per cent by 2025, said its top executive.
