CIMB Singapore will delay the effective date of its minimum rate of its Singapore inter-bank offered rate (Sibor) and Swap offer rate (SOR) to Jan 1, 2021, in an announcement posted on its website seen on Wednesday.
THE scale of bad loan provisions and how the dour economic environment will impact dividends will be closely watched by analysts in the upcoming results of Singapore's banks - the first quarter that will reflect the early impact of a global pandemic.
INFRASTRUCTURE financing platform Bayfront Infrastructure Management has inked partnerships with 15 global banks in its first month of operations.
ALMOST half of the current banking customers are willing to try using the new digital banks which will operate entirely online without any physical bank branches. The survey of the finance and insurance sector done in the fourth quarter of last year showed that 43.3 per cent...
WHEN Singapore first introduced PayNow in July 2017, the funds transfer service was used primarily for small transactions between friends who had linked their bank accounts to their phone number.
THE Singapore Exchange (SGX) and China securities firm CITIC Securities Company have signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas.
FRENCH asset manager Tikehau Capital announced on Tuesday that it has appointed banking veteran Neil Parekh as the head of Asia, Australia and New Zealand.
SINGAPORE'S efforts to develop into a global capital for alternative risk transfer are bearing fruit, particularly in the area of catastrophe bonds. Since 2019, six cat bond issuances worth a combined US$488 million in terms of capital raised are domiciled in Singapore.
PRUDENTIAL Singapore has disbursed over half of its S$1.5 million Covid-19 relief package in cash benefits since the package was introduced in February, with a vast majority paid out as quarantine benefits.
WITH bond markets seizing up or showing extreme volatility, private placement investors have stepped up and helped address cash crunch concerns.