Financial Services
Losses loom for Singapore banks as Hyflux struggles to stay liquid: Moody's
Losses loom for Singapore banks as Hyflux struggles to stay liquid: Moody's
Half of the embattled firm’s debt comes in the form of unsecured bank loans.
MAS slaps warning on ICO issuer and 8 digital token platforms
They violated MAS' regulations on registration.
OCBC to roll out fingerprint-based credit card payments
This eliminates the need for multiple payment devices.
MAS to expand regulation of trade exchanges
It wanted to give way to new business models like blockchain and P2P trading.
Chart of the Day: Banks prefer customer deposits to current and savings accounts
Deposits to current and savings accounts jumped 9-13 ppts over 10 years.
Singapore's wealth management business dominates Asian competition
It’s favoured for its stability, but Hong Kong could beat it soon due to the growth of Chinese wealth in the area.
UOB reportedly halting foreign currency banknote supply in Taiwan
The move comes amidst tighter anti-money laundering rules in the region.
MAS bans six persons from financial advisory after misselling products
Their crimes involved forgery and making false financial advice, amongst others.
HSBC Insurance rolls out digital insurance platform
It currently offers two life insurance solutions.
MAS shakes up banks' reporting standards
It will require data collection of RMB business activities and deposit rates to be rationalised.
Singapore private banking bonuses up by as much as 7% in 2017
Gone are the days of pure cash bonuses as bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares.
This Singapore bank is best-placed to cash in on the property boom
It has the greatest percentage share exposure to housing loans at 27.6%.
Property pickup buoys Singapore banks' glowing growth prospects
Housing and bridging loans are expected to receive a boost from the price boom.
Chart of the Day: Can Singapore banks handle credit growth in 2018?
Loan/deposit ratios remained below 100%, allowing the banks to accommodate credit growth.
Daily Briefing: Carousell to launch digital wallet; Singapore-grown SEA's e-commerce losses doubled
And here's what you could have missed on Noble's debacle with shareholders and creditors.
Australian bank inquiry could cut 8% of the country's finance jobs
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
Indonesia eyes tighter fintech regulations to curb loan shark activity
Fintech firms will be compelled to be registered with authorities.
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