Singapore
DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions
The group management committee’s compensation was reduced by 21%.
DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions
The group management committee’s compensation was reduced by 21%.
DBS proposes bonus share issue for shareholders
The bank plans to give one bonus share for every 10 ordinary shared held.
Record total income for DBS exceeds $15b FY’23
DBS’ profits soar to $7.7b in 2023.
Alipay+ enables usage of 6 international e-wallets in Singapore
Its merchants can now accept payments from up to 12 overseas e-wallets.
Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw
Wee was hailed as a visionary leader and for his contributions to education and culture.
UOB charman emeritus Wee Cho Yaw passes away at 95
He expanded UOB to a multinational bank present in over 19 countries and territories.
SG SMEs seek cross-border payments for overseas goals
6 in 10 small businesses use an app to make int’l payments, with 3 in 10 having experienced issues.
DBS merges brokerage, digital exchange with treasury markets business
The new group, Global Financial Markets (GFM), will be headed by Andrew Ng.
OCBC expands money lock feature to time deposits
The feature has been used by 30,000 customers.
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Citi SG, Mastercard offer enhance debit card privileges to high net worth clients
Citibank has also pledged to restore 1,000 trees monthly over a two-year period.
DBS targets all manned branches to be green mark platinum certified by end-2024
Currently, 33 of its 41 manned branches have already clinched the rating.
NETS to resume selling and use of FlashPay card
The current card-based ticketing system will operate alongside the SimplyGO system.
Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank
Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
1 in 3 Singaporeans use digital investment apps
There is a desire in the local population to increase private wealth, says UnaFinancial.
Singapore now has S$3.2b in funds ‘locked’ to prevent scams: ABS
Around 38,000 accounts now make use of local banks’ money lock feature.
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