The ongoing coronavirus pandemic is driving up the usage of digital financial services in Asia with online lending leading cited as the leading need, according to a survey.
DBS Group on Thursday said it would defer its annual general meeting (AGM) that was originally scheduled on March 31.
The Covid-19 virus outbreak and oil price collapse have led to a global stock market collapse, but DBS believes the combination of two «black swan» events is a boon for investors.
Lending tightens as numerous wealthy clients face cash flow challenges in their family businesses – a golden opportunity for smaller private banks to demonstrate entrepreneurship, sources told finews.asia.
Singapore's economy, which is heavily reliant on trade, has been hit hard by the Covid-19 virus outbreak, with a fall in external demand as global economic activity has slowed.
Hongkongers are looking to pick up global properties on the cheap, as a global market rout crushed major currencies and emergency rate cuts shaved borrowing costs.
The risk of large gatherings continues to loom large as one guest who attended a recent listing ceremony at the Hong Kong stock exchange was tested positive for coronavirus.
Banks and other financial institutions are scrambling to adapt to the Singapore government's latest limit on gathering size, especially for those that have arranged for physical annual general meetings (AGMs) which would happen soon.
Bank of Singapore is in risk-off mode as it advises clients to unload assets during rebounds and reduce overall leverage in the midst of an ongoing pandemic.
The long-standing Credit Suisse chairman faces a bumpy remaining 12 months in office. He is already behind on his biggest task: replacing himself.
The former head of Credit Suisse's investment bank is reportedly leaving the Swiss bank. He had only recently been «demoted» into a potentially more lucrative role.
The chairman of Credit Suisse confirmed he will leave in one year's time. The move ends lingering uncertainty after a damaging spy scandal.
Amid wider job cuts at ANZ Bank, its private banking arm is expanding its family office unit, bringing on board a director and an investment advisor.
He replaces Andy Clark, who leaves the firm after a seven-year stint as U.K. CEO to pursue other opportunities.
Leveraging its own internal network of startups, DBS will help boost income for food and beverage businesses through its own online delivery platform.
The firm's latest hire expands its litigation, insolvency and restructuring practice in Singapore, and builds on its rapidly growing Asia presence.
Ex-Credit Suisse CEO Tidjane Thiam's bonus was docked last year because of a spy scandal. Thanks to a cash windfall, his actual payday in 2019 was his largest in his five-year tenure.
Global asset manager First State Investments bolsters its product capabilities with two appointments, including a hire from Nikko Asset Management’s Australia unit.
Investment research firm MSCI upped market assumptions to reflect a more depression-like outcome one month after SARS-like comparisons proved insufficient.
One of Singapore's oldest and most well-established robo-advisors is shutting down amid «intense competition.»
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