JEFFERIES has downgraded its call on the 3 Singapore banks, DBS, OCBC and UOB, to a "hold" from "buy", to account for a flattening yield curve and the muted transmission of the US Federal Reserve's rate hikes on local rate benchmarks.
UOB on Friday (Apr 1) announced it intends to issue 3 series of notes amounting to US$2.1 billion under its US$30 billion global medium term note (MTN) programme, each to be issued at 100 per cent of their principal amounts on Apr 7, 2022.
THE Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) Innovation Hub Singapore Centre have developed a prototype analytics platform that could help regulatory authorities perform more effective supervision.
NEW technologies, changing consumer demands and tougher regulatory requirements have fuelled the rise of financial specialists - banks or fintechs that operate within a narrower segment of the financial services spectrum.
DBS will not extend crypto trading services to retail consumers in the near future, its chief executive Piyush Gupta said at the bank's annual general meeting on Thursday (Mar 31), in what appears to be a U-turn of its stance on the asset class.
THE Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) Innovation Hub Singapore Centre have developed a prototype analytics platform that could help regulatory authorities perform more effective supervision.
WITH a refreshed strategy set up in 2021, OCBC has set its sights on becoming a sustainable bank in Asia as it focuses on capturing growth in South-east Asia and Greater China moving forward.
SHARES of Hatten Land soared on Thursday (Mar 31) morning amid heavy trading following the group's announcement of a new partnership for its crypto mining activities in Melaka.
HATTEN Land's subsidiary Hatten Edge has inked an agreement with a new business partner which will allow the addition of up to 550 crypto mining rigs to Hatten Land's crypto mining facilities in Melaka.
