BANKS
China's biggest bank misses US$4.4 billion capital accumulation target
A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate.
BANKS
Singapore regulator to push for more locals in senior bank roles
Singapore’s financial regulator will step up efforts to urge banks to place more citizens in senior management roles, according to its chief.
BANKS
Banks braced for worst GDP decline; cloudy outlook could clear in 2021
The fortunes of big banks are often tied to a country’s GDP growth, so when Singapore’s growth fell off a cliff in 2QFY2020, it was not surprising that the three local banks reported double-digit y
BANKS
Why OCBC's scrip dividend leads to a virtuous circle despite regulatory cut
The capital a bank holds is one of the metrics most closely watched by investors, ratings agencies and regulators in times of crisis like the Covid-19 pandemic.
BANKS
Large amounts of general provisioning
Regardless the increase in operating profit for Oversea-Chinese Banking Corp (OCBC) or the resilient performance of United Overseas Bank’s (UOB) regional subsidiaries or the strength of DBS Group H
BANKS
Going digital: Data mining for banks of the future
Going digital for many people is a matter of whipping out the mobile, logging into a banking app and making a transaction — be it transferring funds, paying bills, buying shares or ETFs, or checkin
BANKS
UOB launches TMRW in Indonesia
PT Bank UOB Indonesia (UOB Indonesia) launched TMRW, United Overseas Bank’s digital-only bank on Aug 3. TMRW’s account opening process takes just nine minutes.
BANKS
DBS and GovTech to pilot SingPass Face Verification technology for digital banking sign-ups via a process akin to taking a selfie
DBS has partnered with the Government Technology Agency of Singapore (GovTech) to launch Govtech’s SingPass Face Verification Technology through digital banking on Wednesday (July 29).
BANKS
UOB ties up with Getz to set up online store fronts
SINGAPORE (July 17): On July 16, United Overseas Bank (UOB) announced it is collaborating with Getz, an end-to-end food and beverage (F&B) digital solution provider, to help F&B businesses
BANKS
Changing needs and Covid-19 driving banks to raise their game
SINGAPORE (June 19): It has been more than 20 years since Singapore liberalised its financial sector.
