MAINBOARD-LISTED United Overseas Insurance (UOI), the general insurance arm of UOB, saw its net profit shrink by 42 per cent to S$15.2 million for the nine months ended Sept 30, from S$26.1 million a year ago.
A DIGITAL currency exchange backed by Singapore's largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval.
ANT Group's blockbuster initial public offering (IPO) has been hogging the headlines - but retail investors in Singapore eager for a piece of the world's largest IPO will have to wait and buy on the open market after trading starts. Accredited investors, on the other hand, can...
A digital currency exchange backed by Singapore's largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval.
DEMAND is growing for investment products focused on environmental, social and governance (ESG) considerations, with UOB having managed close to S$200 million worth of such transactions for its customers in the first nine months of this year.
HSBC Holdings is a bank in limbo. Pandemic-related bad loans have messed up its cost-reduction plan. Coming in the crosshairs of the US-China conflict made investors nervous about the jewel in its crown: the Hong Kong franchise.
IN the long term, Singapore Telecommunications (Singtel) might have to commit more than S$600 million in total to its joint venture (JV) with Grab Holdings to set up a digital full bank in Singapore.
CASHBACK rewards player ShopBack has sold off its stake in Seedly, a personal finance community platform, to Hong Kong-based CompareAsiaGroup.
ISSUANCE of loans and securities linked to the Swap Offer Rate (SOR) that mature after end-2021 will need to cease by April next year, in a push by a financial industry-led committee to shift away from the use of SOR to the Singapore Overnight Rate Average (Sora)...
TRADITIONAL banks may need to watch their backs, as almost nine in 10 of small and medium-sized enterprises (SMEs) in Singapore are willing to move services over to the upcoming digital banks, according to a latest study by Visa.