THERE are serious downsides to dropping interest rates that are already low. This may sound heretical, given the enthusiasm on Wall Street and in Washington for the interest rate cut that's expected to emanate from the Federal Reserve in a few days. But it's true.
OCBC sees itself sitting in a sweet spot when it comes to cash management and other transaction banking services, with the bank holding a large chunk of primary bank accounts that capture the cashflow of small and medium enterprises (SMEs) with rising regional ambitions, said Melvyn Low,...
UNDER the CFA Institute's 'Loyalty, Prudence, and Care' Standard of Practice, "members of the professional body have a duty of loyalty to their clients and must act with reasonable care and exercise prudent judgment. Members must act for the benefit of their clients and place their clients'...
A LONG and shallow recovery from the Great Recession has meant that interest rates still stand at record lows for many developed markets.
THE Australia and New Zealand Banking Group (ANZ) has promoted Vishnu Shahaney to head of South-east Asia, India and the Middle East, in addition to being country head of Singapore, the bank announced in a media statement on Wednesday.
THE Australia and New Zealand Banking Group (ANZ) has appointed Vishnu Shahaney as head of South-east Asia, India and the Middle East, in addition to country head of Singapore, the bank announced in a media statement on Wednesday.
CHINA'S bond market has been eerily quiet lately. Over the past year, investors in China's US dollar bonds had gotten used to the idea of defaults.
THE “real prize” for Singapore’s upcoming five challenger digital banks is the Asean market, where half of the population is underbanked and incumbent banks are still catching up, according to a recent report by Maybank Kim Eng.
IFAST Global Markets (iGM), the wealth advisory arm of mainboard-listed iFast Corp’s Singapore unit iFast Financial, has launched a mobile app targeted at wealth advisers and clients.
FINTECH startup soCash is gearing up to grow its Asian distribution network after raising US$6 million in Series B funding, it announced on Monday.