Featured

A SWIFT Brexit deal is essential as business uncertainty is worsening and manufacturing and service surveys indicate that the UK and Germany are slipping into a recession. The sharp slide in UK and European stock markets this week is also dampening sentiment.

A FORMER remisier, who has admitted to have been intimately involved in the 2013 penny stock market-rigging, painted a picture of John Soh Chee Wen - the alleged mastermind of the scheme - as a manipulative user.

JOSH Longhurst has a savings account with the British bank Nationwide Building Society that pays him 5 per cent per annum on up to £2,500 (S$4,250) of his balance.

ING Bank on Wednesday announced the appointment of Erwin Maspolim as branch manager of ING Singapore and network head for South-east Asia, effective Oct 1. These appointments are still subject to regulatory approval, the bank said. 

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying by cheque.

JUST when you think banks in India can't possibly deliver any more bad news, a near US$1 billion scandal drops without warning.The alleged wrongdoing at Punjab & Maharashtra Co-operative Bank (PMC Bank) differs from previous Indian banking scams in that savers are on the hook this time...

LONDON-BASED fintech Revolut has quietly familiarised about 15,000 people in Singapore with the offerings of its digital banking app, suggesting that the official launch of its payments services could be as soon as this month.

HIGHER lending across various business segments contributed to an overall 0.6 per cent lift in total bank loans for August, reversing a contraction of 0.9 per cent in July even as housing loans extended their slide for the eighth straight month.

LONDON-BASED fintech Revolut has quietly onboarded some 15,000 people in Singapore onto its digital banking app - currently in beta - suggesting that the official launch of its banking services could be as soon as October.

THE IT supply chains for the banking industry are increasingly being targeted and exploited by cyber criminals, and to that end, financial institutions should be conducting source code reviews, system integrity checks, and network anomaly detection, among other things, to mitigate these risks.