Swiber’s wind up to slam DBS’ FY16 profits

29 Jul 2016 - Singapore Business Review
The bank declared a whopping $700m exposure. DBS is looking at a gigantic gap in its FY16 earnings, as the bank announced a total exposure of $700m to the Swiber group comprising loans, bonds, and off-balance sheet items. According to a report by OCBC, DBS expects to recover half of this sum as the exposure ...
sgx:ak3 sgx:d05

---

Oversea-Chinese Banking Corp Limited’s Latest Earnings: What Investors Should Know

28 Jul 2016 - The Motley Fool Singapore
Oversea-Chinese Banking Corp Limited (SGX: O39) reported its second-quarter earnings this morning. The reporting period was for 1 April 2016 to 30 June 2016. As a brief background, Oversea-Chinese Banking Corp (or OCBC for short) is one of the three major banks based out of Singapore, alongside DBS Group ...
sgx:o39 sgx:u11 sgx:d05 sgx:g07

---

United Overseas Bank Ltd’s Latest Earnings: What Investors Should Know

28 Jul 2016 - The Motley Fool Singapore
United Overseas Bank Ltd (SGX: U11) reported its second quarter earnings this morning. The reporting period was for 1 April 2016 to 30 June 2016. As a brief background, United Overseas Bank (or UOB for short) is one of the three major banks based out of Singapore along with DBS Group Holdings Ltd (SGX: ...
sgx:o39 sgx:u11 sgx:u13 sgx:d05

---

DBS names Joseph Poon as regional head of SE Asia

27 Jul 2016 - DealStreetAsia
Singapore-based leading bank DBS has appointed Joseph Poon as its regional head in South East Asia with effect on August 16, 2016. Together with Poon, DBS head of North Asia and Private Banking Jun Tjandra, and head of International Rob Ioannou will report to Lawrence Lua, who has been promoted to the ...
sgx:d05

---

Are Regulatory Costs Going To Soar For Banks In Singapore?

27 Jul 2016 - The Motley Fool Singapore
Last week, Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), issued a statement containing the identity of three banks that were found to have had lapses in anti-money laundering controls when they dealt with financial transactions related to 1MDB, Malaysia’s tainted state investment ...
sgx:o39 sgx:u11 sgx:d05

---

Fintech threat: Alipay hit $100b in less than a year with zero branches, DBS took 50 years to get there: Piyush Gupta

27 Jul 2016 - DealStreetAsia
It has been more than a year since the man who runs America’s biggest bank, had warned that Silicon Valley was coming to eat Wall Street’s lunch. “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking,” JPMorgan ...
sgx:d05

---

More businesses putting staff on dementia-awareness training

26 Jul 2016 - Channel NewsAsia
Organisations like DBS, SMRT, McDonald's, and Sheng Siong Supermarket are training frontline staff to resolve situations arising from persons with dementia. SINGAPORE: More businesses - from banks to fast food restaurants and public transport providers - are training frontline staff to deal with customers ...
sgx:ov8 sgx:s53 sgx:d05

---

Why Have DBS Group Holdings Ltd’s Shares Gained 28% In Value In 5 Years?

26 Jul 2016 - The Motley Fool Singapore
I think it is fair to say that most investors want to find stocks that can increase in value in the future, either from an appreciation in the share price or through the distribution of dividends. So, it’s worth keeping in mind the idea that both factors – price appreciation and dividends – are generally ...
sgx:d05

---

Daily Briefing: MAS damps speculation of policy easing; Singapore banks facing earnings stumble

26 Jul 2016 - Singapore Business Review
And SGX suffers as listing loses luster globally. Singapore’s central bank said its current monetary policy stance is appropriate and inflation may turn positive later this year, damping speculation of further easing. “Unless there is a marked deterioration in the global economy or significant shift ...
sgx:o39 sgx:u11 sgx:d05

---

Daily Briefing: Singapore warns banks linked to 1MDB; Keppel sees dearth of oil-rig orders

22 Jul 2016 - Singapore Business Review
And a 5-room Queenstown flat was sold for $955,000. Singapore’s central bank, which on Thursday singled out banks including UBS Group AG for lapses related to Malaysia’s scandal-riven investment fund, also put other financial firms on notice that isn’t done probing the sector. In a statement Thursday, ...
sgx:bn4 sgx:d05

---