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Banking & finance

UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021 - THE EDGE SINGAPORE

Banking & finance

UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021

UOB will launch a round of pay increases and promotions for all eligible employees across the whole group in June, it announced on the morning of March 9.

DBS CEO Piyush Gupta saw 24.3% pay cut in FY20 to $9.2 mil - THE EDGE SINGAPORE

Banking & finance

DBS CEO Piyush Gupta saw 24.3% pay cut in FY20 to $9.2 mil

Piyush Gupta, the CEO of DBS Group Holdings, saw his total remuneration reduced to $9.18 million for the FY2020 ended December, some 24.3% lower than his total salary of $12.13 million in the FY201

Banking & finance

New banking survey shows that Singapore banks are trusted by the public

A new annual survey commissioned by the Association of Banks in Singapore (ABS) shows that consumers have a high level of trust in Singapore banks.

Singapore's bank lending continues growth streak for third month in January 2021 - THE EDGE SINGAPORE

Banking & finance

Singapore's bank lending continues growth streak for third month in January 2021

Singapore kicked off 2021 with an increase in its bank lending for the third consecutive month in January following higher loans to businesses.

Guidance on lower allowances this year  means higher profits and dividends for banks - THE EDGE SINGAPORE

Banking & finance

Guidance on lower allowances this year means higher profits and dividends for banks

Bank investors have a lot to look forward to if no black swans appear on the horizon. If FY2019 was a normal year, FY2020 is likely to go down as peak provisioning and a trough for earnings.

DBS expects positive returns from India within two years - THE EDGE SINGAPORE

Banking & finance

DBS expects positive returns from India within two years

DBS Group Holdings, Southeast Asia’s largest bank by assets and earnings, is largely a local bank.

HSBC flags bigger investments in Asia after profit beat - THE EDGE SINGAPORE

Banking & finance

HSBC flags bigger investments in Asia after profit beat

HSBC Holdings Plc’s earnings beat estimates in the fourth quarter as the lender kept costs in check and signaled bigger investments to drive its pivot to faster-growing Asian markets.

Banking & finance

HSBC Singapore CEO tapped to run Saudi British Bank

HSBC Holdings Plc will be naming a new head for its Singapore business after Tony Cripps was picked to run Saudi British Bank (SABB).

DBS books a Passage to India as Covid cloud lifts and outlook brightens  - THE EDGE SINGAPORE

Banking & finance

DBS books a Passage to India as Covid cloud lifts and outlook brightens

Bank failures carry systemic risks. Recall in 2008, the failure of Lehman Brothers setting off a chain reaction that resulted in the Global Financial Crisis.

Banking & finance

HSBC considers moving top executives to Asia as it bets its future in the region

HSBC Holdings Plc is considering relocating a handful of senior executives from London to Hong Kong or Singapore as Europe’s largest lender bets its future on Asia.

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