From 23 October, OCBC customers in Singapore can convert and hold Malaysian ringgit in their multi-currency savings accounts, a feature the bank says no other non-Malaysian lender offers.
banking and finance
MAS Tightens Rules On Roadshows And Public Prospecting For Financial Products
The Monetary Authority of Singapore will confine financial product roadshows to designated areas and require representatives to get consumers’ consent before pitching, with updated guidelines due in 2027.
Singapore Banks Post Record Non-Interest Income in Q2 2026
Singapore banks post record Q2 non-interest income, sustaining earnings despite softer loan yields; asset quality remains stable with strong coverage.
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.