Singapore banks post record Q2 non-interest income, sustaining earnings despite softer loan yields; asset quality remains stable with strong coverage.
banking and finance
UOB Sells Asset Management Unit to Allianz for S$555 Million
UOB sells asset management unit to AllianzGI for S$555 million, strengthening wealth focus; deal closes in 2027.
AI Tools Rise in Finance but Singaporeans Still Trust Humans in Crises
One in three Singaporeans use AI for finance, blending digital solutions with human advisors for complex decisions.
HSBC Launches TradeCash Solution in Singapore
HSBC launches TradeCash in Singapore to enhance working capital access and improve business liquidity through digital trade finance.
Currency Shifts Create Mixed Impact for Singapore Banks
Singapore banks face mixed effects from currency fluctuations, with gains from the Malaysian ringgit offsetting losses in other areas.
Currency Shifts Create Mixed Impact for Singapore Banks
Singapore banks face mixed impacts from currency fluctuations, balancing gains and losses amid economic shifts.
Singapore Banks Face Uneven Exposure, DBS Most Impacted
Singapore banks exhibit varying market risk exposures, with DBS most impacted. Analysts underscore the need for effective risk management strategies amid changing economic conditions.
Singapore Banks Slow Hiring Amid Economic Uncertainty
Singapore banks are cautious about hiring due to economic uncertainty, prioritizing efficiency while evaluating workforce needs.
Singapore Banks Benefit from Safe-Haven Capital Flows
Singapore’s banking sector thrives on increased safe-haven capital flows as investors seek stability amid global geopolitical tensions.
Singapore’s Ultra-Rich Population Set to Surge by 2031
Singapore’s ultra-high-net-worth population is projected to grow by 46% by 2031, driven by economic strength and wealth creation.