![Singapore Fines DBS, Citi for Breaches in Wirecard Scandal](/i/c/4ed533fa-a0b6-7491-ac31-18aeb131fdcb.webp)
Singapore Fines DBS, Citi for Breaches in Wirecard Scandal
Singapore’s financial regulator imposed penalties amounting to a total of S$3.8 million ($2.8 million) on four financial institutions
2023-06-22 08:53
![While Yuan Struggles Other China Proxies Are Beginning to Soar](/i/c/3a1f4534-948e-9461-4643-08d0ac3e71b6.webp)
While Yuan Struggles Other China Proxies Are Beginning to Soar
China’s move to ramp up stimulus measures to boost its economy is providing little fillip for the yuan,
2023-06-19 07:28
![China Big Four State Banks Said to Cut Dollar Deposit Rates](/i/c/37e11b77-48bc-e0ba-ce95-d220f6cb9d97.webp)
China Big Four State Banks Said to Cut Dollar Deposit Rates
China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter,
2023-06-07 17:50
![Singapore Banks Are So Flush With Deposits That DBS Is Loaning MAS S$30 Billion](/i/c/e2e980ef-1c33-d893-7b1a-b6d5f07c9075.webp)
Singapore Banks Are So Flush With Deposits That DBS Is Loaning MAS S$30 Billion
Singapore banks are flushed with deposits with few options to deploy them amid a tepid lending environment. The
2023-06-07 09:54
![PBOC Extends Cash Support in May After Credit Growth Slumped](/i/c/37145d83-5d5c-441d-03ae-42416e9b7634.webp)
PBOC Extends Cash Support in May After Credit Growth Slumped
China’s central bank injected more long-term liquidity into the financial system for the sixth month in a bid
2023-05-15 10:21
![Singapore bank OCBC's Q1 net profit jumps 39% to record $1.42 billion](/i/c/af6afb7d-af9f-aef2-7622-500b25a056a1.webp)
Singapore bank OCBC's Q1 net profit jumps 39% to record $1.42 billion
SINGAPORE (Reuters) -Singapore's second biggest lender Oversea-Chinese Banking Corp (OCBC) on Wednesday reported a 39% jump in its first-quarter net
2023-05-10 07:17
![Singapore to Allow Banks Share Client Data to Fight Crime](/i/c/6d3b1afc-25a5-da47-1c54-40c6e3dbbea7.webp)
Singapore to Allow Banks Share Client Data to Fight Crime
Singapore banks will be able to share information on potentially risky clients next year, a move aimed at
2023-05-09 17:16