MAYBANK has upgraded its sector outlook on Singapore banks to "positive", while maintaining its recommendations on Thailand and Indonesia banks to "positive" and "neutral" respectively.
DESPITE the pandemic, UBS' AsiaPacific (Apac) business has streaked ahead to achieve a record growth in assets under management (AUM) and pre-tax profits.
THE European Union (EU) is determined to wrest control of euro, European securities and derivatives trade from London, with the British capital already experiencing some leakages.
TO KICK off the financial sector's next phase of growth, Singapore will have to continue prioritising the development of local workers, said Minister of Manpower and Second Minister for Home Affairs Josephine Teo on Wednesday.
FAILED businessman Nelson Loh was adjudged a bankrupt by the Singapore High Court last month, after DBS Bank commenced bankruptcy proceedings against him in relation to some S$14.2 million in outstanding debts, court documents revealed.
THE asset quality of Thailand's banks is set to deteriorate in the next 12 to 24 months, with the non-performing loan ratio expected to increase up to 6 per cent, said S&P Global Ratings on Tuesday.
DBS has rolled out the banking industry's first digital audit confirmation solution, DBS Audit Confirmation, on its online corporate banking platform DBS Ideal.
