FROM BUSINESS TIMES

SINGAPORE banks kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020.

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

SINGAPORE banks breezed through earnings estimates in Q1, with profits rising from the year-ago quarter on strong fee income and smaller impairments.

OCBC is ready to fend against “very strong competition” coming up in the Greater Bay Area, and is open to M&A opportunities that may emerge from the Citi sale, said its top executive. 

OCBC on Friday said first quarter net profit more than doubled, as it joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period.

SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.

SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.

NAZIR Razak, a veteran Malaysia banker whose career progressed from investment banking to development finance, has called on the industry's senior practitioners to help change global finance and make capitalism more sustainable.

UOB will look at assets that Citi is putting up for sale in Asia-Pacific, joining its Singapore peers in hunting down acquisitions for growth.

UOB said it will look at assets that Citi is putting up for sale in Asia Pacific, joining its Singapore peers in hunting down acquisitions for growth.

UOB on Thursday said first quarter net profit rose 18 per cent from the year-ago period, with the rebound driven by record fee income and smaller impairment charges.

PRUDENTIAL Assurance Co Singapore has won a lawsuit against its former top group agency manager, Peter Tan Shou Yi, over the poaching of more than 220 agents for rival Aviva.

CORPORATE finance firm W Capital Markets has completed its Series A fundraising round in which mainboard-listed Thakral Corporation has invested in a 5 per cent stake in the firm on Tuesday.

PRUDENTIAL Assurance Co Singapore won a lawsuit against its former top group agency manager Peter Tan Shou Yi in High Court on Wednesday, over the poaching of more than 220 agents for rival Aviva.

PRUDENTIAL Assurance Co Singapore has won a lawsuit against its former top group agency manager Peter Tan Shou Yi and his firm over the poaching of more than 240 agents for rival Aviva, the High Court ruled on Wednesday.

SINGAPORE'S financial sector has plans to create 6,500 jobs this year, but the "large mismatch" between demand and supply of technology workers means the industry will continue to depend on foreign tech talent over the next few years, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

SINGAPORE'S financial sector wants to hire for tech roles, but banks here struggle to find local talents to meet that demand.

STANDARD Chartered announced on Tuesday that it has priced its first commodity hedge linked to environmental, social and governance (ESG) benchmarks with Trafigura, a leading commodity trading client.

SINGAPORE'S financial sector has plans to create 6,500 jobs this year, but the "large mismatch" between demand and supply of technology workers means the industry will continue to depend on foreign tech talent over the next few years, said Ravi Menon, managing director of the Republic's central bank.

SINGAPORE'S financial sector has plans to add 6,500 jobs this year, but the "large mismatch" between demand and supply of technology workers means the industry will continue to depend on foreign tech talent over the next few years, said Ravi Menon, managing director of the Republic's central bank.