UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused several countries to go into lockdown mode.
DBS Equity Research on Tuesday cut its target prices for OCBC and UOB on heightened credit costs and margin pressures, following the US Federal Reserve's 100 basis point (bps) rate cut in response to the global novel coronavirus outbreak.
HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.
HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.
CITIBANK Singapore plans to double its wealth management business in terms of number of customers and market share from its current 5 per cent by 2025, said its top executive.
CONFIDENCE in the Indian financial system has been breaking down for some time. Instead of trying to restore trust, it may be time to require less of it - with the help of an official rupee cryptocurrency.
AMID market routs over mounting fears of Covid-19's impact on economic and business growth, private banks in the region are still reporting healthy trading volumes.
OCBC Bank now allows customers to immediately encash their cash cheques at all its next-generation ATMs across 23 branches, for a maximum of S$30,000 in a single cheque.
RIDE-HAILING firm Grab has inked a partnership with Wirecard which will see the German payments company process GrabPay e-wallet transactions and integrate it as a payment method for its merchants, Wirecard said on Wednesday.
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.
