DBS has been named the best bank in the world by New York-based financial publication Global Finance, marking the third year in the row that the Singapore-headquartered bank has received the accolade from a financial publication.
LOCAL lenders DBS, OCBC and United Overseas Bank (UOB) averaged 4.2 per cent total returns in August 2020, outpacing the median total return of the top quartile of global banking stocks by market value.
STANDARD Chartered Singapore has imposed a S$5 service fee per transaction for all credit card or personal loan payments made over branch counters.
THE latest move by the Monetary Authority of Singapore (MAS) to boost access to Singapore dollar (SGD) and US dollar (USD) funding for banks will give them more flexibility to manage liquidity in times of market stress, strengthening resilience in the sector, said analysts.
DBS Private Bank (DBS PB) has generated strong growth in assets under management (AUM) this year, despite the market volatility and economic uncertainty brought on by Covid-19.
STANDARD Chartered Singapore has imposed a S$5 service fee per transaction for all credit card or personal loan payments made over branch counters.
THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector's resilience.
UNITED Overseas Bank (UOB) and CapitaLand have entered into an agreement for a two-year S$200 million term loan which references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR).
OCBC Bank has priced its US$1 billion subordinated callable notes due 2030, to be issued at par on Sept 10. They are expected to qualify as Tier 2 capital of the bank.
CHINA'S renewed push to open up its financial sector has cracked the door open further for DBS.
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