Singapore banks

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.

MAS eases some capital requirements for banks, but says no share buybacks

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers...

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 across S'pore will close some branches till May 4

BANKS across Singapore have announced plans to close some branches till May 4 in anticipation of lower footfall amid tighter social distancing measures to curb the community spread of Covid-19...

SMEs wait for banks' next move, with rise in government's risk share for loans

THE government will further raise its risk-share of several enterprise loans, as it pulls out all the stops to enhance financing support so that "viable businesses" can continue to have access to...

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...

Central banks' rate cuts cascade down to Singapore banks' key deposit accounts

SINGAPORE banks this week slashed several rates on their flagship deposit accounts, reflecting the weaker rate environment globally.

Relief measures offer respite but banks can do more: SMEs

SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to...

Global lockdowns, relief measures weigh on Singapore banks

SINGAPORE banks face uncertain times ahead as a combination of unprecedented global lockdowns and latest virus relief measures here and around the region put question marks over the full hit to...

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...

DBS takes fast lane to used-car loans, doubling its market share

IN JUST a year, DBS has doubled its used-car loan market share as it muscled into a space traditionally dominated by lenders like Hong Leong Finance and Maybank.