Singapore banks

Fintechs' moves to acquire Indonesian banks will rev up competition: Fitch

RECENT moves by tech firms to acquire small Indonesian banks will add more colour to Asean's financing landscape, but are unlikely to pose a material challenge to the biggest incumbent lenders in...

The long-awaited comeback of the Singapore banks

IT'S safe to say that 2020 was an awful year for the Singapore banks. However, as we transit to a post-vaccine world, the long-awaited comeback of these cyclicals may finally be here. Despite the...

Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB

CGS-CIMB has reiterated its "overweight" call on Singapore's banking sector in anticipation of a pickup in business activity and credit growth in 2021.

Singapore digital banks face hard slog but incumbents can't sit pretty either

SINGAPORE'S first digital banks will need to focus on building trust and managing acquisition costs to succeed in the long run, analysts say.

StanChart enables access of banker's guarantees via NTP's CamelONE portal

STANDARD Chartered (StanChart) has enabled access of banker's guarantees beginning with its client, Nordic Flow Control, on the Networked Trade Platform (NTP).

Citibank Singapore to double AUM by 2025 in big wealth push

CITIBANK Singapore aims to step up the pace of growth of its wealth business here, with ambitions to double its assets under management (AUM) and to triple the number of clients by 2025, said a...

MAS expands industry steering committee mandate to drive Sibor transition

THE Monetary Authority of Singapore (MAS) is expanding the mandate of the steering committee that is overseeing the Swap Offer Rate (SOR) transition to Singapore Overnight Rate Average (Sora), it...

DBS to launch crypto trading platform for members next week

EAGER to capitalise on the growing appetite for digital assets, South-east Asia's largest lender announced that it will launch a crypto trading platform as early as next week.

StanChart closer to building digital-only bank in Singapore

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore (MAS) on Thursday, paving the way for it to set up a...

DBS launches digital exchange; crypto trading to start in a week

DBS on Thursday announced that it will set up a digital exchange, which includes a cryptocurrency trading platform that will launch from next week.

StanChart Singapore moves big step closer to digital-only bank

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore on Thursday, paving the way for it to set up a digital-...