Financial Services
UOB launches oversubscribed $750m perpetual capital securities offer
It has a fixed distribution rate of 4%.
Private bankers, institutional investors snap up Oxley’s latest bond offering
It was oversubscribed in one day.
HSBC Singapore completes transfer of retail banking, wealth management arms to locally-incorporated subsidiary
It affirms HSBC's commitment to the market.
Singaporean banks grapple with higher non-performing foreign loans
Indonesia was a sore spot for OCBC and UOB.
Banks' profits to slide further as higher loan loss provisions bite: Moody's
O&G loans will require higher allowances.
OCBC suffers one-two punch from hefty Great Eastern losses, deteriorating O&G loans
GEH's net profit plunged 65%.
DBS shatters profit forecasts as higher interest rates boost loan yields
Wealth management income also ticked up.
Find the cheapest forex rates in real-time with this new mobile app
It's like Agoda for money changers.
DBS' net profit down 5% to $1.2b in Q1
Blame it on a one-off item last year.
Daily Briefing: Singapore banks' slide into boredom; Retail market: the disease and the cure
And Frasers Hospitality plans to launch 10 more properties in China.
OCBC’s Q1 profits drop 14% to $856m
Blame it on lower insurance, increased allowances.
Daily Briefing: OCBC's profit falls 14%; Industrial prices, rents decline in Q1 as vacancy rises
And resale condo prices continue drop in March.
More than 1 in 3 Singaporeans use mobile wallets in face-to-face transactions: Visa
Faster transactions, ease of use are top considerations.
UOB’s earnings slip 4.4% to $766m in Q1
Blame it on weak fee income, losses from associates.
Singapore banks unable to shake off default risks even as oil prices recover
Support services firms are still in deep water.
Local PE salaries finally at par with Hong Kong as pay inches up
China and Australia boast the fattest paychecks.
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