Financial Services
Are Singapore banks stable enough for a devastating economic scenario?
Are Singapore banks stable enough for a devastating economic scenario?
It seems so, if the Southeast Asian banks' closing credit gap with Western peers is anything to go by.
Singapore dollar sits above $1.28 level
The local currency has sat above the $1.25 level for almost two months and is unlikely to regain this level, says IG markets Singapore.
Singapore, Thailand widen currency collateral agreement
Monetary Authority of Singapore and Bank of Thailand will accept a broader range of collateral in their liquidity provisioning facilities.
DBS and OCBC downgraded to neutral
Macquarie says a convincing bull market could make them switch back, amidst improvement in earnings and sentiment.
Slowdown looms for Singapore banks
Macquarie says rosy trading income numbers in 1Q12 are not likely to repeat throughout the year.
M&A deals in Southeast Asia slowed in 2012
DBS aquisition of Bank Danamon of Indonesia , tagged as the 'largest M&A deal at' $7.3bn, failed to push growth.
Singapore dollar retreats against US dollar
FX markets are expected to trade in tight ranges as traders wait for fresh leadership and direction from this week's EU Summit, says IG Markets...
MAS sets up collateral arrangement with Bank of Thailand
Financial institutions in Singapore and Thailand will now have greater flexibility in their liquidity management.
Pawnbroker Maxi-Cash listed on Catalist at the SGX
Catalist becomes Maxi-Cash's capital-raising platform for its business strategy and expansion plans.
MAS seeks your opinion on the capital framework for insurance businesses
MAS will accept comments on the Risk-Based Capital framework for insurance business till 25 August 2012.
Bad loans rising up to Asian financial crisis levels?
Market fears over imploding Europe banking crisis that could possibly raise credit costs for Asian banks.
Prospects for consumer banking business dim
Institutional banking business meanwhile is seen to thrive amidst chaos.
CIMB analysts worry over OCBC's asset quality
CIMB notes 3 key factors that make OCBC most vulnerable to ill effects of Euro crisis.
Singapore dollar regains some ground following fall against the greenback
The decline in investors’ sentiment began as European business activity declined for a fifth straight month in June, says IG Markets Singapore.
Philippines' remittance growth to slow further
In the first four months of 2012, remittance growth was a moderate 5.4%.
Foreign banks to be allowed up to 90% share in Indonesia local banks
But approval will be selective, according to the Deputy Governor of Bank Indonesia, Muliaman Hadad.
Singapore dollar retreats below 1.27 level
IG Markets Singapore says SGD/USD traders are likely to position themselves for a fresh injection from the Fed in the coming months.
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