Financial Services

China banks face capital pressures and structural risks: Fitch

Fitch-adjusted total social financing/GDP could reach 258% by year-end.

Singapore banks' credit quality deterioration not over yet

Credit costs could range 39-44bps from 2016-2018.

Demand pressure for analyst roles amongst the highest across Singapore workforce

There are 6 candidates available for each financial analyst role.

HSBC enables Apple Pay for Singapore cardholders

Customers can enjoy $5 off every transaction as a kick off promo.

MAS slaps StanChart, Coutts with $7.6m fine for anti-money laundering breaches

A prohibition order against Goldman Sach's ex-director is also underway.

MAS unveils up to $2b of savings bonds to be offered in 2017

The first bond will be issued on the January 3.

DBS axes 12 brokerage staff as trade volumes slump

But they will be redeployed within the bank.

Bank lending sees 1% growth in October

Following the 12 consecutive months of contraction.

Singapore financial firms under pressure to enhance crime mitigation

They're raising salaries for compliance roles by up to 15%.

DBS, Bank of Singapore in acquisition mode

Acquisition this year amounted to $400m.

Bankers to get lowest pay rise in 2017

Their salaries are only projected to grow by 3%.

Interest rates uncertainties to drag Singapore banks' profits: MAS

The banking system's nonperforming-loan ratio has risen 2.1% in September.