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CGS-CIMB has upgraded OCBC to "add" from "hold" as the bank's shares now trade close to their 0.8 price-to-book value ratio seen during the global financial crisis (GFC), dipping 27 per cent year-to-date.

WHILE policymakers are pulling out all the stops from rate cuts and asset purchases to the unprecedented shutting down of borders to save their epidemic-hit economies, financial markets remain freaked out by Covid-19.

THE Monetary Authority of Singapore (MAS) on Thursday said it has issued prohibition orders ranging from six to 12 years on six individuals, who were formerly insurance agents and bank employees. 

SINGAPORE is aiming to build active derivatives trading off a transition benchmark rate - known as the Singapore Overnight Rate Average (Sora) - by the end of this year, as the Republic keeps on track to shift from the Sing-dollar Swap Offer Rate (SOR) that underpins the S$3.5 trillion Singdollar...

DBS has joined a growing number of economy watchers <a href="https://www.businesstimes.com.sg/government-economy/some-economists-look... target="_blank">warning of a full-year recession</a> in Singapore.

PRUDENTIAL plc on Thursday said its Thai subsidiary, Prudential Life Assurance (Thailand), has entered into a strategic bancassurance partnership with TMB Bank.

THE introduction of up to two new digital full banks in Singapore may shape up to be a rewards-driven pursuit, with over half of consumers willing to bank with non-traditional providers enticed primarily by "offers and promotions upon sign-up".

TO LOCAL fintech MatchMove, moving into digital banking is a natural extension of its payments business - and a plan that has been long in the works.

UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.

UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.