Featured Archives • Page 1109 of 1239 • Financial News

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M&A banking fees in Asia-Pacific fall to 8-year low in Q1: report

BANKING fees from mergers and acquisitions (M&A) transactions in the Asia-Pacific, excluding Japan, fell to an eight-year low of US$473.1 million in the first quarter of 2020, down 39.2 per cent from a year ago, according to Refinitiv data as at April 2.

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Central banks’ rate cuts cascade down to Singapore banks’ key deposit accounts

SINGAPORE banks this week slashed several rates on their flagship deposit accounts, reflecting the weaker rate environment globally.

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Great Eastern offers customers 6-month grace period, instalment plans for payments

GREAT Eastern is offering a six-month grace period for life insurance premium payments, for Singapore customers whose incomes have been affected by the Covid-19 outbreak.

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Global lockdowns, relief measures weigh on Singapore banks

SINGAPORE banks face uncertain times ahead as a combination of unprecedented global lockdowns and latest virus relief measures here and around the region put question marks over the full hit to their income and credit provisions for 2020.

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Relief measures offer respite but banks can do more: SMEs

SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to manage their cashflow on the back of measures announced by the Monetary Authority of Singapore...

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Across vintages, SMEs to seek liquidity buffer for long winter

SEASONED small- and medium-sized enterprises (SMEs) that have weathered cycles through the years are assessing their liquidity while on good credit standing, even as they have an estimated 30-40 per cent of their existing credit lines still untapped, a top banker from OCBC said.

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CIMB Bank to auto-defer servicing for most commercial term loans in Singapore

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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CIMB Bank Singapore offers automatic moratorium on most term loans of commercial banking clients

CIMB Bank Singapore on Wednesday said it will automatically defer principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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CIMB to automatically approve most term-loan deferments of commercial clients here

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

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Maybank Singapore to give S$1,400 to staff affected by Malaysia lockdown

MAYBANK Singapore will pay a one-time financial assistance of S$1,400 to employees who are living in Singapore temporarily due to Malaysia's movement control order (MCO).

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