Banking & finance

Singapore's investment banking activities plunges to US$443.1 million in first nine months of 2020: Refinitiv - THE EDGE SINGAPORE

Banking & finance

Singapore's investment banking activities plunges to US$443.1 million in first nine months of 2020: Refinitiv

Investment activities in Singapore amounted to US$443.1 million ($600.8 million) in the first nine months of the year, down 39.9% from the same period a year ago.

Banking & finance

UOB to freeze hiring, pay and promotions; prepares for further decline on earnings

United Overseas Bank Ltd. has imposed a freeze on hiring, pay and promotions as the Singapore lender prepares for a further decline in earnings following the coronavirus pandemic.

Banking & finance

Maybank sues Rhodium for failing to make US$3 mil payment

Rhodium Resources Pte Ltd., a Singapore-based coal and grains trader, was sued by Malayan Banking Bhd. for failing to make payments to Malaysia’s biggest bank, according to court documents.

Banking & finance

Extension of dividend cap beyond 2020 a 'possibility': DBS

The dividend cap on Singapore banks may extend into FY21F, according to DBS Group Research analyst Lim Rui Wen.

MAS issues guidelines to strengthen culture of responsibility and ethical behaviour in financial industry - THE EDGE SINGAPORE

Banking & finance

MAS issues guidelines to strengthen culture of responsibility and ethical behaviour in financial industry

The Monetary Authority of Singapore (MAS) has issued guidelines on individual accountability and conduct to promote accountability and ethical behaviour among senior managers performing key functio

Banking & finance

UOB prices US$600 mil subordinated notes due 2031

United Overseas Bank Limited (UOB) has priced US$600 million ($821.3 million) subordinated notes due March 2031 and callable March 2026.

Banking & finance

MAS enhances access to SGD and USD funding to strengthen banking sector resilience

The Monetary Authority of Singapore (MAS) has introduced measures to enhance the banking system’s access to Singapore dollar (SGD) and US dollar (USD) funding on September 3.

Banking & finance

DBS launches Singapore's first SORA-pegged business property loan

DBS Bank has launched Singapore’s first SORA-pegged business property mortgage loan, which provides business property owners with additional property financing options and covers all property loan

Banking & finance

OCBC prices US$1 bil of Tier 2 fixed rate subordinated notes

Oversea-Chinese Banking Corporation Limited (OCBC Bank) has priced US$1 billion ($1.36 billion) of fixed rate subordinated notes under its US$30 billion Global Medium Term Note Programme.

Banking & finance

UOB and CapitaLand collaborate on Singapore's first dual tranche SORA-SOFR loan for $200 mil

United Overseas Bank Limited (UOB) and CapitaLand have, on September 3, entered into an agreement for a two-year loan $200 million term loan.

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