Banking & finance

Banking & finance

HSBC pledges to boost more investments in China following political tensions

(July 3): HSBC Holdings Plc pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security legislat

Banking & finance

Singapore's bank lending continues decline as business and consumer loans take a hit from 'circuit breaker' measures

SINGAPORE (June 30): Bank lending in Singapore fell for the third consecutive month in May as both consumer and business loans took a hit from the “circuit breaker” measures restricting t

Banking & finance

DBS, OCBC, and Citigroup hiring again with strong demand in coders

(June 18): A hiring slowdown at banks in Asia is beginning to thaw, driven by demand for coders.

Banking & finance

HSBC resumes plan to cut 35,000 jobs post-Covid-19, according to report

(June 16): HSBC (HSBA.L) is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday s

Banking & finance

Bailing out the economy: Banks confronting purpose, corporate responsibility, and their survival

(June 12): Smoothing the economic catastrophe generated by Covid-19 has led to intense discussions on whether the banking sector is an effective channel to inject financial oxygen into the economy.

Banking & finance

OCBC Bank's virtual wealth advisory service sees 45% surge in sales during circuit breaker period

SINGAPORE (June 9): Due to the circuit breaker and social distancing measures in April to June, many processes had to be taken online.

Banking & finance

Standard Chartered foresees digital leading the way as mainstream banking channel

SINGAPORE (June 4): Digital adoption rates for Standard Chartered Bank have hit historic highs, the bank said in a statement

Banking & finance

CIMB Bank Singapore maintains SIBOR and SOR floor rate at 0.1%, offers 'lowest fixed rates for SIBOR and SOR packages'

SINGAPORE (June 4): CIMB Bank Singapore announced Wednesday (June 3) that it will reduce its deposit rates and cost of deposits.

Banking & finance

Singapore's bank deposits jump to record highs in April, signals risk aversion from investors

(June 2): A jump in Singapore bank deposits probably reflects investors’ risk aversion and inflows from markets including Hong Kong given the country’s status as a private banking hub, according to

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