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OCBC Bank’s net profit slipped 6 per cent to S$1.17 billion for its third quarter ended Sept 30, from S$1.25 billion a year ago after booking a one-off charge at its Indonesian banking unit.

SINGAPORE'S second-largest bank OCBC is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and venture-capital fund Vertex Ventures to form a digital-bank consortium.

SINGAPORE'S second-largest bank OCBC is understood to be in talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.

SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second such deal this year.

SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second such deal this year.

Japanese officials are checking their country into the cash addiction clinic. Ditching banknotes could generate a big one-off boost to economic activity, plus permanently upgrade productivity. But the government will have to give stronger encouragement to elderly consumers, polite bankers and reluctant merchants to change their...

THE cash-on-delivery model remains dominant for many businesses in Singapore - especially small- and medium-sized enterprises (SMEs) - despite the risks in handling cash and the resources needed to verify payments and reconcile collections against invoices.

IN THE near future, investors may just need to fork out US$1,000 to invest in wholesale bonds, compared with the hefty minimum of US$200,000 currently.

PEOPLE have a love-hate relationship with the futures markets. Futures are either financial drivers of rapid economic growth, turbocharging small amounts of capital to outflank entrenched barriers to innovation, or - to a populist - they are demonic pits where speculators manipulate prices and corrupt honest real...

UNITED Overseas Bank (UOB) beat market estimates with an 8 per cent rise in third quarter net profit to S$1.12 billion from S$1.04 billion a year ago, boosted in part by a robust showing from its wealth management unit.