Financial Services

Japan and Hong Kong investors eye alternatives to DBS stock

Some are concerned about the bank’s “relatively high” valuations.

Asian investment banking fees plunge to four year low after hitting $4.62b in May

However, robust deal-making activity may buoy the sector from its slump.

GIC and Temasek join Ant Financial's US$14b Series C funding

This will fund its globalisation plan and talent investment in emerging markets.

Can Grab Ventures address Singapore's worsening funding gap?

There are only a handful of funds focusing on providing Series B funding.

Singapore develops facilities to lure investment into Asian infrastructure

It’s developing a pool of project finance loans into a collateralised loan obligation.

OCBC debuts all-digital account application

There will be no need to provide documents as it can easily link to MyInfo.

Indian banks hammered by rising credit costs amidst portfolio cleanup

Credit costs rose from 2.5% to 4.3% of loans on average at state banks.

Chart of the Day: Singapore money supply jumped 5.3% in April

It grew thanks to higher net foreign position and private credit.

Two divestments to lift OCBC's earnings in 2018

It is finalising the sale of Great Eastern Life Malaysia and Hong Kong Life Insurance.

Singapore crypto startup gets $16.46b for blockchain tech

The platform FUSION allows companies to tap into a global network and interact with other cryptocurrencies.

Chinese banks thrive on mobile payments as millennials drive cashless push

Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.

Asia's private banking scene heats up as European players enter fray

European private banks are heavily investing in Asian footholds.

Singapore and India speed up cross-border payments

Indian nationals can transact through Ru-pay in Singapore.

New accounting standards pose risks to Singapore banks' profitability

Lenders face higher credit reserve requirement under the FRS109.

Fraud incidents from unlicensed online trading jumped 255% in 2017

Singapore's police and central bank issued a new warning against unregulated online trading.