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Tech
Criminals are now creating non-existent identities to conduct fraud, survey finds
SINGAPORE (Feb 7): While prevention technologies have managed to deter identity fraud activities such as card skimming, criminals are now beginning to steal identities or even constructing entirely new ones to obtain real credit cards from banks.
February 07, 2018
Fintech
Cybersecurity a top priority as banks turn toward digitalisation, innovation
SINGAPORE (Jan 30): Close to nine in 10 banks globally say addressing cybersecurity in the top priority in 2018, amid a shift toward digitalisation and innovation for future growth.
January 30, 2018
Startups, Entrepreneurs, Digital economy
What's keeping local SMEs from obtaining business financing?
SINGAPORE (Oct 4): A majority of small medium enterprises (SMEs) in Singapore are unlikely to qualify for business financing, according to recent data from Linkflow Capital.
October 04, 2017
Singapore July bank lending falls 0.5%
SINGAPORE (Aug 31): Singapore's total bank lending in July fell 0.5% from June, due to a decline in loans to businesses, central bank data showed on Thursday.
August 31, 2017
Global Markets
Mizuho targets foreign student boom with Japan dormitory fund
TOKYO (Aug 16): Mizuho Financial Group Inc. is raising a fund to build dormitories to profit from the shortage of accommodation for the surging number of international students at Japan’s universities.
August 16, 2017
Commentary
Singapore banks could use the scepticism: Bloomberg Gadfly
SINGAPORE (Aug 1): It took an earnings announcement from the smallest of Singapore's banks to shake the edifice of optimism that investors had built around all three of them.
August 01, 2017
Broker's Calls
Strong 1Q mortgage loan applications data signals upside for these two Singapore banks
SINGAPORE (June 28): RHB is maintaining its “neutral” stance on Singapore’s banking sector as Credit Bureau Singapore (CBS) data reflected a 20% q-o-q increase in 1Q17 loan applications, which the research house says is a positive for Singapore bank
June 28, 2017
US bank investors hope Fed stress test results lead to big payouts
(June 19): Investors are hoping the Federal Reserve will allow big US banks to put an estimated US$150 billion ($208 billion) in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular e
June 19, 2017
Noble group creditors agree to extend credit facility deadline: source
HONG KONG (June 16): Creditors of struggling commodity trader Noble Group have agreed to offer a lifeline by pushing back a repayment deadline on a crucial credit line until October, a source familiar with the matter said on Friday.
June 16, 2017
Results
OCBC reports 14% increase in 1Q earnings to $973 mil
SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.
May 09, 2017