Banking & finance

Banking & finance

DBS Foundation disburses record $9 mil to help social enterprises tide through Covid-19 pandemic

DBS announced on Nov 26 that it has awarded some $9 million in loans and grants to social enterprises (SEs) so far in 2020, making it the largest collective disbursement of loans and grants within

DBS merger with Lakshmi Vilas Bank approved by Indian cabinet - THE EDGE SINGAPORE

Banking & finance

DBS merger with Lakshmi Vilas Bank approved by Indian cabinet

The government of India has, on Nov 25, formally approved the scheme of amalgamation of DBS India and Lakshmi Vilas Bank.

Banking & finance

Singapore to stick to plans of awarding digital banking licences by end 2020 amid tightening scrutiny in China and US

Singapore’s financial regulator will stick with its plans to award digital banking licenses by the end of the year, undeterred by tightening scrutiny in China and the US that’s hitting major Chines

CIMB has announced replacements for the 3 heads that were fired previously - THE EDGE SINGAPORE

Banking & finance

CIMB has announced replacements for the 3 heads that were fired previously

CIMB Singapore, in another internal memo to staff, has announced its new heads for its consumer banking, commercial banking and corporate and investment banking in its Singapore office, according t

CIMB Singapore fires three long-time banking heads amid business restructuring - THE EDGE SINGAPORE

Banking & finance

CIMB Singapore fires three long-time banking heads amid business restructuring

CIMB Singapore has axed three long-time banking heads on Nov 20 as it seeks to restructure its Singapore business, according to The Business Times.

DBS CEO welcomes China’s fintech clampdown, says it will create fairer competition with banks - THE EDGE SINGAPORE

Banking & finance

DBS CEO welcomes China's fintech clampdown, says it will create fairer competition with banks

DBS Group Holdings Ltd.’s top executive welcomes the increased regulatory scrutiny of financial technology companies in China and elsewhere in Asia, saying it will create fairer competition with ba

Blackrock's Fink says Biden will be 'Voice of Reason' markets need - THE EDGE SINGAPORE

Banking & finance

Blackrock's Fink says Biden will be 'Voice of Reason' markets need

BlackRock Inc CEO Larry Fink said Joe Biden’s victory in the US presidential election should encourage investors, who want stability and an easing of geopolitical tensions.

India's central bank matchmakes troubled Lakshmi Vilas Bank with DBS, dowry of $463 million ready - THE EDGE SINGAPORE

Banking & finance

India's central bank matchmakes troubled Lakshmi Vilas Bank with DBS, dowry of $463 million ready

The Reserve Bank of India, the country’s central bank, has proposed that Lakshmi Vilas Bank, a troubled local lender, be amalgamated into DBS India.

Banks to work closely with affected customers on funding and refinancing solutions: ABS - THE EDGE SINGAPORE

Banking & finance

Banks to work closely with affected customers on funding and refinancing solutions: ABS

The Association of Banks Singapore (ABS) says banks will work closely with their affected customers to explore funding and refinancing solutions to help ease their near-term financial strain.

Singapore's loan growth expected to remain in the red till 2021: RHB - THE EDGE SINGAPORE

Banking & finance

Singapore's loan growth expected to remain in the red till 2021: RHB

Singapore’s broad money supply grew 11.3% on year in September, inching down marginally from the 11.8% expansion logged the month before.  

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