UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.
SINGAPORE banks kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020.
UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.
OCBC on Friday said first quarter net profit more than doubled, as it joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period.
OCBC is ready to fend against “very strong competition” coming up in the Greater Bay Area, and is open to M&A opportunities that may emerge from the Citi sale, said its top executive.
SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.
SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.
NAZIR Razak, a veteran Malaysia banker whose career progressed from investment banking to development finance, has called on the industry's senior practitioners to help change global finance and make capitalism more sustainable.
