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UOB CEO sees 1.8% lift in pay to S$10.8m; bank to defer April 30 AGM

UOB is due to defer its annual general meeting, which was slated originally for April 30, given the restrictions of mass gatherings due to the virus outbreak, BT understands.

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MAS eases some capital requirements for banks, but says no share buybacks

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers should not go towards share buybacks.

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TDSR waived for deferred mortgage payments

BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

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For Singapore banks, a lesson on greater transparency from Jamie Dimon

JPMORGAN'S long-standing CEO Jamie Dimon on Monday set out a 23-page shareholders' letter that outlined how the US bank is managing the crisis at hand, as brought on by the global virus outbreak.

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Banks across Singapore will close some branches till May 4

BANKS across Singapore have announced plans to close some branches till May 4 in anticipation of lower footfall amid tighter social distancing measures to curb the community spread of Covid-19 here.

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DBS doubles SME digital business loan quantum to S$200,000

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

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UOB to shut 24 branches from April 11 to May 4

UOB will close 24 branches in Singapore from April 11 to May 4 as fewer customers are expected with stricter safe distancing measures in place, said the lender in a statement on Tuesday. 

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Covid-19: DBS doubles SME digital business loan quantum to S$200,000

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

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MAS to adjust banks’ capital requirements amid Covid-19 pandemic

BANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday.

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TDSR limit waived for borrowers seeking deferred mortgage payments: MAS

BUSINESSES that qualify to defer payments for their secured property loans, as well as distressed property owners doing so for residential mortgages, will not be subject to thresholds set by the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

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