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UOB's Q1 net profit may have fallen in the first quarter amid lower trading and investment income but the bank believes improvements will be seen in the coming quarters. 

THE Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement to ensure that banks in the Republic are well prepared to transition from Swap Offer Rate (SOR) - a key interest rate benchmark - to the Singapore Overnight Rate Average (Sora) by the end of...

SWITZERLAND’S UBS and three other systemically relevant banks must face tougher capital requirements, the Swiss government said on Wednesday (Apr 10), in an effort to shield the country from a repeat of the collapse of Credit Suisse.

PAWNBROKER ValueMax Group on Monday said it is not affected by government-mandated loan repayment or interest suspensions, as these are not mandatory for the firm, given that is is neither a member of the Association of Banks of Singapore nor the Finance House Association of Singapore.

THE latest six-month Singapore Treasury bill (T-bill) closed its auction on Thursday (Apr 13) with a lower cut-off yield of 3.75 per cent.

UOB reported net profit of S$1.38 billion for the third quarter ended September, down 1 per cent from S$1.4 billion in Q3 FY2022, after accounting for expenses related to the acquisition of Citigroup’s Malaysia, Thailand and Vietnam consumer banking business. On Thursday (Oct 26), the bank said notwithstanding the one-off...

THE Australian and New Zealand dollars were vulnerable on Monday just above some critical support levels as China disappointed with modest rate cuts, while their recent bearish trend showed no signs of reversing yet.

A Chinese fintech glow is burning less brightly. Insurance titan Ping An just kicked off plans to take public its OneConnect banking software business in New York. A mooted US$5 billion valuation would be a third less than its most recent funding round last year, taking...

STANDARD Chartered Singapore on Tuesday said it will invest an additional sum of S$5 million to boost its talent development and re-skilling efforts.