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Singapore Savings Bonds’ 10-year average return hits new high of 1.79% for March issue

THE average return over 10 years for the March issue of the Singapore Savings Bonds (SSBs) has hit 1.79 per cent - its highest rate since 2019. SSBs last recorded an average return over 10 years of 1.95 per cent per annum for its September 2019 issue.

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Stronger economic outlook to support continued loans growth for Malaysia banks: UOBKH

MALAYSIA'S banks are poised to continue their strong loans growth momentum in 2022 following a "relatively commendable" showing in December 2021, according to UOB Kay Hian (UOBKH).

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OCBC makes full goodwill payouts to all victims

OCBC on Sunday (Jan 30) said arrangements for full goodwill payouts to all victims of the recent SMS phishing scam have been completed.

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OCBC completes goodwill payouts to all 790 SMS phishing victims; S$13.7m in losses

OCBC on Sunday (Jan 30) said arrangements for full goodwill payouts to victims of the recent SMS phishing scam have been completed.

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OCBC completes arrangements for full payouts to all 790 SMS phishing victims; S$13.7m in losses

OCBC on Sunday (Jan 30) said arrangements for full goodwill payouts to victims of the recent SMS phishing scam have been completed.

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DBS to buy Citi’s Taiwan consumer banking business

DBS is acquiring the consumer banking business of Citigroup in Taiwan, Citi Consumer Taiwan, via a transfer of assets and liabilities. The transaction will see DBS paying Citi cash for the net assets of the business plus a premium of S$956 million, said Singapore's largest lender on Friday...

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DBS to buy Citi’s Taiwan consumer banking business with S$956m premium

DBS is acquiring the consumer banking business of Citigroup in Taiwan, Citi Consumer Taiwan, via a transfer of assets and liabilities.

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Maybank appoints Khairussaleh Ramli as group president and CEO

MAYBANK on Thursday (Jan 27) said Khairussaleh Ramli, most recently the former group managing director of RHB Banking Group, will succeed Abdul Farid Alias as group president and chief executive officer on May 1.

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Brokers’ take: Citi cuts iFast TP on dilutive M&A, possible Q4 earnings miss

WEALTH management platform iFast Corporation is likely a risky investment due to its dilutive merger and acquisition plans, and uncertainty surrounding its near-term earnings, said Citi Research.

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Banks here see higher requests for physical tokens in January

MORE consumers are requesting physical security tokens amid the recent SMS phishing attacks, perhaps reflecting elevated levels of overall distrust and anxiety over digital banking services.

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