finance

SINGAPORE (Apr 12): DBS Bank has announced the launch of SmartSend, an online remittance service that allows non-DBS customers to make same-day money transfers to eight markets around the world, namely: Australia, Hong Kong, India, Indonesia, Malaysia, Ph

Main image, left to right: OCBC Bank’s Group CEO Samuel Tsien, Bank of Shanghai Chairman Jin Yu and CEO of Banco Santander Asia Pacific, Antony Hung

SINGAPORE (Mar 15): Two-fifths (40%) of local retail banking customers in Singapore are ready to stop or cancel their services with a bank on the grounds of poor customer engagement, according to a recent study commissioned by customer experience & call c

SINGAPORE (Feb 28): Hong Leong Asia reported FY17 losses of $66.5 million, 6.7% smaller than the net loss of $71.3 million a year ago.

SINGAPORE (Feb 27): Hong Leong Finance reported a 61.5% rise in FY17 earnings to $85.7 million from $53.1 million a year ago, which is equivalent to 19.3 cents per share, after topping up provisions amounting to $3.8 million against $1.1 million in FY16.

HONG KONG/LONDON (Feb 20): Stuart Gulliver’s seven-year reign as HSBC Holdings Plc’s chief executive officer ended with a rare failure to live up to analysts’ earnings estimates as lending margins narrowed and the bank booked loan charges related t

SINGAPORE (Jan 12): Machine learning has become a popular area of research across a range of disciplines. From driverless cars to online retail, the evolution of these techniques has largely taken place outside of finance – but in recent years, the inve

SINGAPORE (Jan 5): UOB Kay Hian is maintaining its “overweight” rating on Singapore’s banking sector and DBS and Oversea Chinese Banking Corporation (OCBC) as its top “buy” picks – with higher target prices of $29.50 and $14.88, respectively,

BEIJING (Jan 2): China starts three years of " critical battles" against debt, poverty and pollution in 2018 as policy makers also face rising US interest rates, renewed trade-war threats, and nuclear saber-rattling from North Korea.

SINGAPORE (Dec 14): OCBC Investment Research is upgrading its call on DBS Group to “buy” with a higher fair value estimate of $27.40 based on 1.4 times FY18E book while projecting for the group’s earnings to rise 25% in FY18.