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UK’s Sunak faces new headache as borrowing figures overshoot forecast

British government borrowing in the recently ended 2021/22 financial year was almost 20 per cent higher than forecast by the country’s budget office last month, showed figures published on Tuesday (Apr 26).

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Trust in banks in Singapore increases despite Covid-19 uncertainties: ABS study

A FOCUS on continual improvement has seen overall trust in the Singapore banking industry increase year on year by 7 points to 63.

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Brokers’ take: UOBKH downgrades iFast to ‘hold’, DBS lowers target price

SOME analysts are turning bearish on iFast Corporation after its latest financial results came in below expectations.

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OCBC partners MVGX; aims to roll out new green financing solutions later this year

OCBC on Monday (Apr 25) announced its partnership with a Singapore-based carbon exchange as it aims to roll out new green financing solutions for large corporates looking to simplify their path to carbon neutrality later this year.

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Silverlake Axis eyes potential in insurtech space

THE influx of non-traditional digital banks in recent years may have spurred some excitement in the financial services ecosystem, but at least one banking solutions provider is not jumping on the bandwagon.

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Singapore banks to report weaker Q1 earnings amid market volatility and lower risk appetites

SINGAPORE banks are expected to report weaker first quarter earnings from a year ago, as wealth and treasury income are weighed down by investors’ risk-off sentiment amid market volatility.

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Weaker Q1 earnings seen for Singapore banks amid volatility, lower risk appetites

SINGAPORE banks are expected to report weaker first quarter earnings from a year ago, as wealth and treasury income are weighed down by investors' risk-off sentiment amid market volatility.

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SMEs find niche role for crypto payments

CRYPTO investor Terence Ho believes so much in the future of digital currencies that he convinced his company's management to start accepting them as payment.

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Julius Baer posts record 2021 profits as restructuring plans bear fruit

A PIVOTAL strategy to "dynamically modernise" Julius Baer Group has borne fruit well ahead of its three-year target: The group chalked up record net profits in 2021, despite Covid-19 restrictions and a reduction in the number of client relationship managers (RMs).

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‘Blue’ financing can make the difference in fight against climate change

ENVIRONMENTAL concerns were the talk of the town last week, as over 15,000 leaders in governments, industry and academia from around the world gathered in Singapore for the CleanEnviro Summit Singapore (CESG) and the Singapore International Water Week (SIWW).

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