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Activist Hohn calls on Wirecard to remove CEO Markus Braun

FRANKFURT (BLOOMBERG) - Billionaire activist investor Christopher Hohn has called on Wirecard to remove chief executive officer Markus Braun after an independent audit of past revenues criticized the German payments processor for internal "shortcomings." The probe by KPMG was unable to obtain the data needed to verify revenues of 1 billion euros (S$1.54 billion) in transactions with third parties. Wirecard hired the accounting firm in October to look into its third-party partner business as well as operations in India and Singapore following a series of reports...
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HSBC Q1 profit halves on higher bad loan provisions, including a 'Singapore corporate exposure'

HONG KONG (REUTERS, BLOOMBERG) - HSBC Holdings' first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide. Europe's biggest bank by assets said profit before tax came in at US$3.21 billion (S$4.56 billion) for January-March, down from US$6.21 billion a year ago and below an average analyst forecast of US$3.67 billion compiled by the bank. The bank increased its expected credit impairment charges by a hefty US$2.4 billion to US$3 billion due to the im...
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RHB Singapore Bank

RHB Singapore Bank is a fully licensed bank. RHB Singapore Bank is one of the Malaysian largest banking group. RHB Singapore Bank gives services in the following areas: Treasury, Consumer banking, Business banking, Investment banking, Corporate banking. The bank was found in 1961. RHB Singapore Bank’s main Office is in Singapore at Cecil Street. RHB Singapore Bank Contact Information RHB Singapore Bank contact information is down below: You can dial the number: +65 6225 31 11, Fort he fax number +65 6227 38 05, You can e mail the...
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ICICI Bank Singapore

ICICI Bank Singapore ICICI Bank Singapore is one of the other Indian banks that is operating in India for a very long time. The ICICI company is operating in 19 different countries and they have chosen Singapore as one of their main markets and they have fully understood the customs and needs of the Singapore citizens. That is why, they offer really extensive services and they carry out offering their services through various channels such as telephone banking, internet banking, ATMs, and branches. They have a limited amount of branches which is only limited to...
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Maybank Singapore Branch and Opening Hours

Maybank Singapore Branch Maybank Singapore is known for their banking services which they offer under the Islamic terms. This means that they do not have any interest but other types of terms to make profit from the banking services such as the personal or business loans. They are the first Islamic bank in the nation which has more than 1800 people working for them today. They offer services to anyone in Singapore and they offer all kinds of banking transactions. They have more than a twenty branches in all around the country but in addition to this, they ha...
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Singapore's big three banks to average 38% fall in Q1 earnings: analyst

Margins are expected to shrink 6-10 bps compared to Q4 2019. Singapore’s big three banks are expected to post an average 38% YoY fall in earnings for the Q1 period on the back of spiking credit costs and falling credit card income, according to a report by Jefferies. Meanwhile, the banks’ non-interest income is expected to contract by 6-13% YoY, whilst revenue for the three banks will fall 2-4% YoY, due to falling card income, wealth management income, and weak stock prices. Whilst system loans and deposits grew 3.5% and 4.9% YTD respectively, pushed by b...
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Citibank Singapore Swift Code

Citibank Singapore Swift Code Here is the Citibank Singapore Swift Code: CITISGSGGCB Citibank Singapore is the oldest and most reliable foreign bank that is operating in the nation since 1902. They have served millions of clients and it seems like they will keep serving to them no matter what happens. They know how to please their customers and they have adopted the American-style banking and services but they managed to harmonize it well with the needs of Asian people as well as the tourists visiting the area. They have more than 1500 touch points all a...
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Chinese banks should shift from SWIFT as sanctions loom: report

Chinese banks are urged to increase its use of the country’s own financial messaging network for cross-border transactions in the mainland, Hong Kong and Macau, reports Reuters. Greater use of the Cross-Border Interbank Payment System (CIPS) instead of the SWIFT system would cut exposure of China’s global payments data to the United States, the Bank of China International (BOCI) said in a report co-authored by a former foreign exchange regulator. Launched in 2015 to help internationalise the yuan, CIPS said it processed $19.4b (CNY135.7b) a day in 2019, with...
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UOB offers $200,000 pre-approved loans to small businesses

The bank has approved three times more loans in March compared to January. United Overseas Bank (UOB) today announced that it will be offering pre-approved loans of up to $200,000 to help ease the short-term liquidity woes of small businesses impacted by the COVID-19 pandemic, the bank announced. The collateral-free loan is intended to help small businesses, which make up two in three of all small- and medium-sized enterprises in Singapore, especially those from hard-hit sectors such as retail and food and beverage, said UOB. The bank has approved three t...
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ICICI Bank Singapore Swift Code

ICICI Bank Singapore Swift Code Swift code of ICICI Bank Singapore is: ICICSGSG ICICI Bank Singapore is an Indian bank which is operating in Singapore for a very long time and they targeted Singapore and their main market. However since Singapore is a small country in terms of the sizes, they do not focus on running too many branches in all around the nation and therefore they have located only 3 branches in some but most popular parts of Singapore. In addition to this, they offer services via various means such as ATMs, branches, telephone banking and inter...
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Hong Leong Finance

Hong Leong Finance is one of the largest finace company for over 50 years. With ong Leong Finance you can explore comprehensive and range o financial products. Hong Leong Finance has the network of 28 branches and 12 SME Centres islandwide. Executive Director is Kwek Leng Beng, Non Executive Director is Kwek Leng Peck and Non Executive and Independent Director is Tan Siew San. Hong Leong Finance won the awards such as SGX Fast Track, Top 100 ASEAN Banks 2019, Most Transparent Company, Singapore Top 100 Brands 2019, Top 1000 World Banks 2019 and many more. Hong ...
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AXA Singapore

AXA Insurance Singapore may be a leading general insurance services provider within the country, offering solutions that are best suited to customers personal and business needs. AXA Singapore operates as an entirely owned subsidiary of the AXA Group, one among the planet leading insurers, bringing world-class expertise to the Singaporean insurance market. Company's insurance products and services General Insurance Life Insurance Health Insurance Cargo Insurance Motor Insurance AXA Singapore main office location 8 Shenton Way #27-02 AX...
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Coface Singapore

Coface Singapore is a branch of Coface Group (Compagnie Française d’Assurance pour le Commerce Extérieur), world leader in credit insurance with 4,440 employees, represented in 66 countries. Coface’s branch in Singapore was established as a representative office in 1995 and currently offers whole turnover, single and political risk insurance, providing a comprehensive cover for both commercial and political risks, participating in various government schemes to support Singaporean companies. Company's insurance products and services Globalliance (Preven...
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ANZ Singapore Swift Code

ANZ Singapore Swift Code Here is the Swift code of ANZ Singapore: ANZBSGSX ANZ Singapore is a foreign banking institution which is offering services to thousands of Singapore citizens and tourists that visited the area for a very long time. The ANZ stands for Australian and New Zealand Cooperation and they offer all kinds of banking services to all of their clients. They have 3 branches, more than 20 ATMs and telephone and internet banking services which work 24/7. They have also signed various agreements with other banks in order to let their ATMs be shared...
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