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AIA Singapore operating profit rises 6% to US$583m in 2019

INSURER AIA Singapore posted a 6 per cent rise in operating profit after tax to US$583 million for fiscal 2019 from US$558 million a year ago, it said on Thursday.

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OCBC says one of its staff diagnosed with novel coronavirus

OCBC Bank on Thursday confirmed that one of its staff was diagnosed on Tuesday with the novel coronavirus.

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Jefferies raises OCBC to ‘buy’, sees resilient earnings for banking trio

JEFFERIES Research on Wednesday upgraded OCBC to a "buy" amid the recent sell-down on Singapore banks, arguing as well that the local trio have historically resilient earnings and dividend cushion.

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Prudential announces plans to list US unit Jackson National Life

PRUDENTIAL has unveiled plans to list its US unit Jackson National Life, two weeks after billionaire activist hedge fund manager Daniel Loeb called on the board of the giant insurance group to separate its Asian and US businesses.

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Brokers’ Take: Jefferies raises OCBC to ‘buy’, sees earnings, dividend cushion for trio

JEFFERIES Research on Wednesday upgraded OCBC to "buy" amid the recent sell-down on Singapore banks, arguing as well that the local trio have historically resilient earnings and dividend cushion.

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Private equity giant KKR names Asia head of global impact

AMERICAN private equity giant KKR has appointed Singapore-based Wong Chee-Wei as its head of global impact for Asia.

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StanChart bet on cash management paying off

AMID the shift towards cashlessness in this part of the world, Standard Chartered's move to digitalise payments through supply chains has driven growth in its regional cash management business, a senior executive from the bank told The Business Times (BT).

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Tardy price disclosures a risk to watch in private banking chase

GIVEN the crimped margins in the loans business, the allure of private banking is easy to see.

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PSA International unit prices S$500m 10-year notes at 1.63%

PSA Treasury, a wholly-owned subsidiary of Singapore’s port and terminal operator PSA International, will issue at par S$500 million worth of guaranteed notes maturing in 2030.

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ECB needs to look beyond banking giants for signs of financial risk lurking within the system

SINCE taking over as the euro zone's main banking supervisor, the European Central Bank has spearheaded efforts to reduce the amount of bad loans that had cumulated throughout the great recession and the euro zone sovereign debt crisis.

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