Singapore
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
DBS to maintain strong solvency, robust funding: Moody’s
It is anticipated to sustain high profitability with return on assets of around 1.3%.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May
Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.
OCBC remains stable amidst strong credit fundamentals: Moody's
This will be backed by healthy credit standing.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
DBS achieves record-high Q1 profit of S$2.96b
Dividend is SGD 54 cents per share for the quarter.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
Transport Minister Chee Hong Tat joins MAS Board of Directors
Chee will serve three years from 1 June to 31 May 2027.
Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses
The solution aims to help businesses manage their cash flow.
StanChart joins Visa’s B2B Connect to enhance cross-border payments
It aims to facilitate faster and more cost-effective business-to-business (B2B).
DCS Card Centre, E6 launch credit card issuing solution for fintechs
The service will be first rolled out in Singapore.
Standard Chartered launches open banking marketplace with over 100 APIs
Clients can discover, identify, and test APIs in a sandbox environment.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
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