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Can China beat US in the financial cold war?

CHIPS, Chats, and Swift. They refer to the machinery of international finance that gives America extraordinary leverage. Like so much…

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First person in Singapore charged over Wirecard scandal

IN THE first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R. Shanmugaratnam has been…

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OCBC swallows bitter pill on offshore sector

OCBC took a knife to its offshore support vessels exposure, providing in full against bad loans for what Citi Research…

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MAS nudges finance firms to cap dividends, as it did for Singapore banks

THE Monetary Authority of Singapore (MAS) on Friday urged finance companies incorporated in Singapore to cap their fiscal 2020 total…

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Hot stock: SGX queries iFast after shares rise 12%

THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its “unusual price movements”…

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First Singaporean man charged over Wirecard scandal

IN THE first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R Shanmugaratnam has been…

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OCBC posts 40% fall in Q2 net profit; DPS at 15.9 cents

OCBC on Friday posted a larger-than-expected 40 per cent fall in Q2 net profit on surging provisions, as the bank…

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OCBC takes knife to offshore support sector exposure; Q2 profit down 40%

OCBC’s Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provisions to write…

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DBS sees margin squeeze as interest rate cuts bite in Q2

DBS chief Piyush Gupta expects top line and net interest margin (NIM) – a key indicator of profitability for banks…