UNITED Overseas Bank posted a net profit of S$1.12 billion for the third quarter, rising 8 per cent from S$1.04 billion for the year-ago period, on the back of stronger client franchise income and trading and investment income.
SPOKESPERSONS from PhillipCapital and Maybank Kim Eng have confirmed with The Business Times that brokers faced disruptions trying to access their trading platforms on the morning of Oct 24.
DBS will look to boost its coverage of Asean and throw its weight behind regional supply chains of global multinational corporations (MNCs) and emerging startups based out of Singapore, the bank's head of institutional banking group Tan Su Shan has said.
BANK lending in Singapore slipped by 0.06 per cent in September from a month ago, as a fall in business loans more than offset a rise in consumer loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday.
SOME brokerages in Singapore were hit with distributed denial-of-service (DDoS) attacks last week, which resulted in disruption to traders trying to access their brokerage's trading platforms.
REVENUE from South-east Asia's digital financial services could hit US$60 billion by 2025, but only if the region's financial players can crack barriers to lending in the SME (small and medium-sized enterprise) space.
A TECHNOLOGY revolution called open banking is about to hit, muddling the future for banks. Open banking will allow consumers to aggregate their information across financial institutions, insurance companies and brokerages on a single platform.
STAR investment banker Keith Magnus has been appointed to the global management committee of independent investment banking advisory firm Evercore - one of the rare instances of a Singaporean having made it to the big leagues of a global bank.
