Country: Singapore

Predictions of a tough 2013 for Singapore banks

(06 March 2013 – Singapore) Singapore banks’ earnings have fallen short of expectations according to a source, which now believes...

Financial Results

OCBC to optimise Indonesian expansion

(21 February 2013 – Singapore) Singapore’s longest established bank, OCBC Group, now has 350 branches in Indonesia and has plans...

Business Development & Expansion

Singapore growth stabilises at 10 percent

(18 January 2012 – Singapore) Singapore banks’ loan growth has moderated to 10 percent according to a source.According to the...

CIMB reports 12.6% rise in profits for first nine months

(23 November 2012 – Singapore) CIMB Group has reported a record net profit of RM3.263 billion (A$1.02 billion) for the...

Financial Results

Stanchart with MasterCard launch card with touch-sensitive buttons

(9 November 2012 – Singapore) MasterCard Worldwide, in collaboration with Standard Chartered Bank Singapore (Stanchart) has unveiled the country’s first...

Singapore telcos set up for NFC mobile wallets

(28 August 2012 – Singapore) Singapore wireless operators SingTel and M1 have both launched mobile contactless payments services, enabling customers...

Contracting interest margins worry OCBC

(7 August 2012 – Singapore) Singapore-based Overseas Chinese Banking Corporation (OCBC) faces a squeeze from contracting interest margins, although strong...

Financial Results

Barclays expects 2Q profit slump for Singapore arms

(25 July 2012 – Singapore) Barclays has forecast a drop in Singapore banks’ profit by 18 percent for the second...

Financial Results

Singapore grants QFB status to two of China’s banks

(9 July 2012 – Singapore) Singapore will grant Qualifying Full Bank (QFB) privileges to two Chinese banks, allowing one of...

Business Development & Expansion

100 jobs slashed in at HSBC Singapore

(10 April 2012 – Singapore) HSBC has cut over 100 jobs in Singapore out of its 3000-strong workforce in the...

Executive Changes

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