Featured Archives • Page 1272 of 1419 • Financial News

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Financial institutions allowed more onsite staff from June 2: MAS

THE Monetary Authority of Singapore (MAS) will allow financial institutions (FIs) here to reopen more customer-service locations under the first phase of the lifting of circuit-breaker measures on June 2.

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LCH clears first SORA derivatives trade

GLOBAL clearing house LCH has cleared the first Sing-dollar interest rate swaps referencing the Singapore Overnight Rate Average (SORA), it said on Tuesday.

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OCBC set to rejig branch network strategy as pandemic drives digital banking

IN an early sign of how the Covid-19 pandemic could change the banking scene as we know it, Singapore's second-largest bank said it expects to rejig its branch network strategy post-pandemic.

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StanChart pushes fresh tech strategy to target Indonesia’s mass market

EVEN as Covid-19 inflicts pain on economies around the world, Standard Chartered continues to view Indonesia as a "strategically important", "high-potential" growth market.

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eToro offers Asia-Pac clients free trading in US stocks

RESPONDING to a surge in investors' trading interest in US equities, investment platform eToro on Monday announced that it is extending its commission-free stocks offering to clients in the Asia-Pacific with immediate effect - the first such option here for investors in Singapore.

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Ant Financial to invest US$73.5m in Yoma Strategic’s mobile payments joint venture in Myanmar

ALIBABA Group's affiliate Ant Financial is tying up with mainboard-listed Yoma Strategic Holdings as its latest foray into the South-east Asia digital payments space takes it to Myanmar.

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Clifford Capital, SMBC provide US$140m in loans for Summit Power’s power plant project

CLIFFORD Capital and Sumitomo Mitsui Banking Corporation (SMBC) have provided US$140 million in loans to Summit Power International's subsidiary for a power plant project in the Gazipur district of Bangladesh.

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Let Libor survive the virus to die another day

LIBOR, once dubbed the world's most important number, is scheduled to perish from the end of next year. With the fallout from the pandemic demanding the full attention of banks, it would be better to grant it an official stay of execution.

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OCBC to rejig branch strategy after Covid-19 crisis

OCBC expects to rejig its branch network strategy after the Covid-19 pandemic because the rising adoption of digital-banking services has permanently diverted some traffic away from its branches, said OCBC chief executive officer Samuel Tsien on Monday.

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eToro extends commission-free trading in US stocks to the Asia-Pacific

INVESTMENT platform eToro on Monday announced that it is extending its commission-free stocks offering to clients in the Asia-Pacific, effective immediately.

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