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Over 1,100 UOB customers’ details disclosed in impersonation scam - THE EDGE SINGAPORE

Banking & finance

Over 1,100 UOB customers’ details disclosed in impersonation scam

Certain information of 1,166 of UOB’s customers has been disclosed as a result of an impersonation scam.

All 1,166 customers are China nationals.

DBS’s net profit of $2 billion in 1QFY2021 sets tone for FY2021 - THE EDGE SINGAPORE

Banking & finance

DBS’s net profit of $2 billion in 1QFY2021 sets tone for FY2021

DBS Group Holdings announced a net profit of $2 billion, up 99% q-o-q and 72% y-o-y. It was not a surprise.

Singapore's bank lending increases by 0.7% in March - THE EDGE SINGAPORE

Banking & finance

Singapore's bank lending increases by 0.7% in March

The increase in Singapore’s bank lending continued for the fifth consecutive month in March, following higher housing loans.

Banking & finance

HSBC opens new institutional office in Singapore and Hong Kong

HSBC Holdings Plc is offering its ultra-rich clients in Asia direct access to its investment bankers as the lender targets becoming a leader in managing wealth in an increasingly affluent region.

Singapore's PayNow and Thailand's PromptPay establish world’s first faster payment systems linkage - THE EDGE SINGAPORE

Banking & finance

Singapore's PayNow and Thailand's PromptPay establish world’s first faster payment systems linkage

The Association of Banks in Singapore (ABS) has announced that the linkage between Singapore’ PayNow and Thailand’s PromptPay has been established.

Banking & finance

Standard Chartered considers slashing Singapore office space

Standard Chartered is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with the matter.

DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements - THE EDGE SINGAPORE

Banking & finance

DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements

DBS Group Holdings, JP Morgan and Temasek Holdings have announced their plans to develop an open industry platform that will reimagine and accelerate value movements for payments, trade and foreign

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for RMB5.29 bil - THE EDGE SINGAPORE

Banking & finance

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for RMB5.29 bil

DBS Bank announced on April 20, that it has entered into an agreement with Shenzhen Rural Commercial Bank where it will subscribe to a 13% stake for a consideration of RMB5.29 billion ($1.08 billio

Banking & finance

Citi to exit retail banking in 13 markets across Asia and Europe

Citigroup Inc. plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and Africa region.

Banking & finance

DBS to cut office space in MBFC

DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic.

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