BANKS AND FINANCIAL INSTITUTIONS

Singdollar deposits hit new high, with banks reporting that customers are saving more

SINGAPORE - Retail deposits in Singapore have grown by up to 40 per cent at two local banks amid economic fall-out due to the Covid-19 outbreak, compared with a year ago, as more bank customers...

MAS sees challenges and opportunities for financial industry

Singapore's financial industry should be able to operate effectively through the pandemic and prepare itself for new challenges and opportunities in the post-Covid-19 world, the central bank said...

StanChart steps up support for SMEs hit by pandemic slowdown

Businesses can defer payment of the principal on secured loans and pay lower interest as Standard Chartered Bank steps up help for clients during the coronavirus pandemic.

S'pore banks in China act to protect staff, customers

About 700 OCBC employees across China will eat packed lunches at their desks this week to minimise their chances of catching the coronavirus that has plagued the world's second-largest economy....

Younger and high-income customers keen on digital banks: Study

Younger customers and higher-income individuals are keen to open a digital bank account in Singapore, even as two in five of overall respondents indicated that they would consider doing so only...

Poll shows morale falling among HSBC staff as strategic review looms

LONDON • A survey of HSBC Holdings' 237,000 staff has highlighted falling morale as employees brace themselves for job cuts in a strategic review due later this month.

As nations bicker, a greener future evolves in finance industry

LONDON • Away from the toxic atmosphere at United Nations climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance is under way.

A very Swiss execution: How Thiam got the boot at Credit Suisse

ZURICH • It took Credit Suisse Group's chairman 19 meetings to woo Mr Tidjane Thiam, and one board meeting to say goodbye.

Grab, Razer among firms eyeing digital bank licence in Malaysia

SINGAPORE/KUALA LUMPUR • Ride-hailing group Grab, gaming firm Razer, AirAsia, telecoms firm Axiata and lender CIMB are among companies looking to apply for digital banking licences in Malaysia,...

Protect Singaporeans against pitfalls of digital banking

When so much commercial interest is generated for Singapore's digital bank licences, it simply means there is vast potential for profit involved - with commensurate risk for the end consumer (...

Digital banks could mean lower costs for consumers

Singapore banks will likely ramp up their services as a result of the competition, say analysts.