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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).

JPMORGAN Chase & Co has launched a foreign exchange (FX) trading and pricing engine in Singapore that will speed up trade executions for clients, it said on Wednesday.

AT A worst-case scenario, Singapore banks may see a 14 to 18 per cent hit to their revenue in 2020 following the latest virus relief measures for consumers, said Jefferies Research in a report on Wednesday.

HOMEGROWN solar company LYS Energy on Wednesday said it has obtained a S$14 million green loan from United Overseas Bank (UOB).

THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told The Business Times.

HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.

DISTRESSED homeowners can soon apply to banks or finance company to defer either just the principal payment or both principal and interest payments, by up to December 31, 2020, amid the virus outbreak, according to latest measures by the Monetary Authority of Singapore (MAS) and industry bodies that...