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ANALYSTS are flagging an uneven recovery for the Singapore banks in the short term, even as the trio posted better-than-expected results in the third quarter of 2021.

ALL three Singapore banks posted better-than-expected results for the third quarter, with DBS closing the results season on Friday (Nov 5).

DBS on Friday (Nov 5) reported a net profit of S$1.7 billion for Q3 FY2021, rising 31 per cent from a year ago due to higher loans and fee income, in a bourse filing before the market opened.

DBS is looking to open its members-only crypto exchange to the broader retail market over the next year, the bank's chief executive Piyush Gupta said at its third-quarter results briefing on Friday (Nov 5).

DBS is looking to open its members-only crypto exchange to the broader retail market over the next year, the bank's chief executive Piyush Gupta said at its third-quarter results briefing on Friday (Nov 5).

STABLECOINS have been on a tear of late, with growing global acceptance of cryptocurrencies driving their rise. They have also caught the attention of lawmakers around the world, who are urging regulatory frameworks for this broad class of digital currencies.

OCBC customers have bought over S$1 million worth of gold and silver digitally in the first week since these safe-haven assets became available via the bank's mobile app.

UOB will soon introduce a buy-now-pay-later (BNPL) feature in Indonesia as it experiments with this space, said the bank's senior executives.

SINGAPORE'S financial regulator is engaging financial institutions to assess if it is necessary to tighten controls on the illicit movement of money even though the Pandora papers have not raised "significant concerns" on the Republic's controls, Finance Minister Lawrence Wong said in Parliament on Wednesday (Nov 3).