DBS to pay final dividend on May 26 after approval at AGM
DBS Group will pay its shareholders their final dividend for fiscal 2019 of 33 Singapore cents per share on May 26, once it gets approval from shareholders via a virtual annual general meeting (...
DBS, OCBC and UOB pledge no job cuts due to Covid-19
SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.
UOB CEO records S$10.75m total salary for 2019, up 1.8%
UOB's chief executive Wee Ee Cheong recorded a 1.8 per cent increase in 2019 total salary to S$10.75 million, up from S$10.56 million, the bank's annual report put out on Wednesday showed.
For Singapore banks, a lesson on greater transparency from Jamie Dimon
JPMORGAN'S long-standing CEO Jamie Dimon on Monday set out a 23-page shareholders' letter that outlined how the US bank is managing the crisis at hand, as brought on by the global virus outbreak...
Banks to stay open except for some branches; remaining outlets will be spread across Singapore
WHILE banks are essential services that will stay open during the month-long imposition of tighter restrictions to curb the virus spread in Singapore, lenders are due to shut some branches amid...
Across vintages, SMEs to seek liquidity buffer for long winter
SEASONED small- and medium-sized enterprises (SMEs) that have weathered cycles through the years are assessing their liquidity while on good credit standing, even as they have an estimated 30-40...
Guidelines out on deferment of secured loan, mortgage payments
FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a...
MAS to boost USD liquidity with auctions of dollars from Fed swap facility
AMID broadening concerns over a record surge in the greenback, the Monetary Authority of Singapore (MAS) will move to lend US dollars (USD) obtained from the US Federal Reserve to banks in...
UOB sees higher credit costs, OCBC expects muted revenue following Malaysia's lockdown
UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused...
Citi high-flyer to steer Grab on its digital bank path
FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity bidding for a digital full bank in Singapore, BT understands.