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Private banking group to offer 200 undergraduate traineeships in next 3 years

SINGAPORE'S Private Banking Industry Group (PBIG), which includes 14 major banks, on Wednesday unveiled an initiative that aims to offer 200 undergraduate traineeship positions over the next three years at its member banks.

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MAS bans two former insurance agents for misleading clients and for forgery

THE Monetary Authority of Singapore (MAS) on Wednesday announced prohibition orders (POs) against two former insurance agents for dishonest conduct over the sale of Integrated Shield Plans (ISPs).

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Several potential ‘fallen angel’ Asia-Pacific banks face Covid-19 threat: S&P

SEVERAL potential "fallen angel" banks across the Asia-Pacific face risks from a more severe economic downturn due to the Covid-19 pandemic, credit rating agency S&P Global Ratings said on Tuesday.

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DBS, Standard Chartered make further cuts to deposit account rates

DBS and Standard Chartered (StanChart) will again slash rates on their respective savings accounts from Jan 1, 2021 on the back of a grim interest rate environment.

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Standard Chartered rolls out Singdollar sustainability-linked fixed deposits

STANDARD Chartered (StanChart) on Wednesday announced the launch of its Singdollar sustainable time deposits, which is the first local currency sustainable deposit product that enables retail and private banking investors to get returns for their investments in sustainability.

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DBS approves S$800m in collateral-free loans for micro enterprises

DBS has approved close to 10,000 loans to small and medium enterprises (SMEs) in Singapore since the start of March this year.

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Singapore customers to soon have a single view of what they own and owe across major banks

SINGAPORE expects to announce soon the details of a single platform for consumers to aggregate their financial information from various accounts across major banks.

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OCBC adopts risk-management framework Equator Principles for infrastructure projects

OCBC on Tuesday said it has adopted the Equator Principles, an internationally recognised risk-management framework for financial institutions worldwide.

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Singapore firms keen to expand international trade amid pessimistic outlook: survey

SINGAPORE firms are keen on expanding international trade compared to their global peers, despite having a more pessimistic outlook on business arising from the impact of Covid-19, according to HSBC's annual Navigator Survey.

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UOB to set up electronic FX pricing, trade engine in Singapore

UOB on Monday said it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, acting as the hub to service the bank's client franchise.

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