DBS on Wednesday confirmed that one employee has been infected with the novel coronavirus at the bank's Marina Bay Financial Centre (MBFC) office.
DBS on Wednesday confirmed that one employee working at the bank's main Marina Bay Financial Centre (MBFC) office has been infected with the novel coronavirus.
THERE was a scramble for non-bank players to speed-date the traditional lenders in Singapore, but thus far, none has made it to the altar with the final digital-bank consortia.
DIGITAL banks are not expected to replace existing primary banking relationships for the majority of customers in Singapore, with most likely to view their digital bank as a secondary account if they do open one.
THE focus of the upcoming Singapore banks' results will likely centre on the impact of the deadly novel coronavirus outbreak, with global growth expected to slow as China - the world's second largest economy - takes a hard hit.
BUSINESSES clustered in Singapore's financial district have heightened their monitoring efforts amid the novel coronavirus outbreak, reflecting the realities of Singapore being a large financial centre where banks and other large corporations dot Shenton Way and the Marina Bay.
YOUNGER customers and higher-income individuals are keen to open a digital bank account in Singapore, even as two in five of overall respondents indicated that they would only consider doing so if the digital bank is “popular and successful”.
OCBC's Bank of Singapore has hired a senior HSBC banker to drive its wealth business from Greater China and North Asia clients, the latest publicised appointment following another high-profile hire from HSBC by OCBC at the start of this year.
GIVEN the snug fit between e-commerce and digital banking, shopping platform Shopee's parent Sea Ltd may offer an edge over the Grab-Singtel consortium, with a fresh S&P report seeing these two bids as frontrunners for the two new digital full bank licences in Singapore.
JUST a little over three years ago, a six-month university exchange programme to Switzerland had me stashing 7,000 francs (S$9,951.74) in my carry-on, all in a bid to dodge hefty currency conversion card fees abroad.
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