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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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OCBC, UOB 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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Singapore banks 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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UOB injects 2b yuan in China unit

UOB has injected 2 billion yuan (S$424.8 million) in its subsidiary in China, which will be channelled into regional opportunities, sustainability and financial solutions such as hedging services.

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UOB injects 2b yuan in China subsidiary

UOB has injected 2 billion yuan (S$424.8 million) in its subsidiary in China, which will be channelled into regional opportunities, sustainability and financial solutions such as hedging services.

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Economists not ruling out further tightening by MAS in April despite surprise off-cycle move

AFTER a surprise off-cycle policy tightening on Tuesday (Jan 25), the Monetary Authority of Singapore (MAS) could still make further moves in April, say economists - not least as it has also raised its inflation estimates for 2022.

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