CITI Research on Wednesday slashed its target prices for Singapore banks, and shaved down its earnings estimates for the trio by 4-8 per cent after the US Federal Reserve made an emergency rate cut of half a percentage point overnight in response to the Covid-19 outbreak. ...
CITI Research on Wednesday slashed its target prices for Singapore banks, and shaved down its earnings estimates for the trio by 4-8 per cent after the US Federal Reserve made an emergency rate cut of half a percentage point overnight in response to the Covid-19 outbreak. ...
AT A time when banks are consolidating their business units to trim costs, Morgan Stanley is doubling down on its wealth business in Asia to tap the region's ultra-rich and build on its record profits from last year.
UOB is revving up its engine to secure more car loans, with its strategy being to work with a large swathe of car dealers in Singapore to process applications online, such that deals are closed in 15 minutes.
OCBC customers can now apply and get approval for car loans within 60 seconds, thanks to a new digital process that leverages the national data repository, MyInfo, and the bank's real-time KYC (know your customer) and credit assessment system.
PING An Insurance's OneConnect, which bowed out of the digital banking race in Singapore, has emerged as the technology partner for one of the consortia gunning for a licence here.
PING An Insurance's OneConnect, which bowed out of the digital banking race in Singapore, has emerged as the technology partner for one of the consortia gunning for a licence here.
FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity bidding for a digital full bank in Singapore, BT understands.
AMID a shake-up at the global level, HSBC Singapore is still on track to grow its headcount and revenues in its retail banking and wealth management segment, and also in its private banking arm, said two senior executives.
TWO Singapore banks have ramped up efforts to boost efficiency in trade finance, an old trillion-dollar industry that until recently had been predominantly based on paper documents.
